VTI 0.00% 11.3¢ visioneering technologies inc.

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    VTI - ASX Company Announcement
    THIS IS A PRIORITY ITEM
    26 November 2002
    Part 1/1
    --------
    VIROTEC INTERNATIONAL LIMITED
    -----------------------------
    HOMEX - Brisbane
    -------------------------
    Develops new Phosphate Fertiliser
    Virotec International Ltd (ASX/AIM: VTI) is pleased to announce that
    scientists from the Company's ViroSoils Division, have developed and
    lodged a patent application for a new process that has the potential
    to add substantial value to the worldwide phosphate fertiliser
    industry.
    Virotec's proprietary process produces a highly efficient phosphate
    fertiliser ViroPhosphate (TM). Whilst ViroPhosphate (TM)
    facilitates the transfer of phosphorous to plants, it virtually
    eliminates phosphorous leachate production thereby minimising adverse
    environmental impacts of fertiliser usage.
    Executive Chairman Brian Sheeran expands, "From today, Virotec will
    be talking to fertiliser companies throughout the world. We believe
    our product is superior to all current phosphate fertilisers and we
    will be actively seeking established local and global partners for
    the commercialisation of ViroPhosphate (TM)."
    Current world demand for phosphate fertiliser exceeds 50 million
    tonnes per annum and this can only increase as the need to feed a
    growing world population further depletes nutrients in agricultural
    soils. However, phosphate leached from fertilised land is a major
    contributor to the environmental problem of eutrophication that often
    causes excessive weed growth and hazardous blue/green algal blooms in
    rivers and lakes.
    Scientific Director Professor McConchie explains, "Many research
    studies in Australia and elsewhere have shown that as much as 40% to
    60% of all the phosphate fertiliser applied to farm land can be
    washed into nearby rivers. The amount of phosphorous washed from farm
    land into rivers and lakes will depend on many factors, however,
    laboratory tests on sandy soils show that superphosphate loss can be
    over 90% for a mere 500 mm of rainfall, whereas the loss of
    phosphorous from the same amount of ViroPhosphate (TM) is much less
    than 1% for the same rainfall. Furthermore, ViroPhosphate (TM)
    reduces soil acidity and it can greatly reduce, and sometimes almost
    prevent, the transfer of many potentially hazardous elements,
    including cadmium and uranium that are present in many conventional
    phosphate fertilisers, to plants and animals. Essentially,
    ViroPhosphate (TM) is good news for farmers and good news for the
    environment."
    ViroPhosphate (TM) is the second major product developed by Virotec's
    ViroSoils Division. The first product, ViroBind, is an
    environmentally safe, water insoluble additive used to treat acidic
    soils and to immobilise trace metals in contaminated soils so that
    they can't be easily leached out or taken up by plants. It also
    improves the geotechnical properties of the soil (particularly the
    rate of consolidation and the shear strength of the compacted
    material) and it ensures that the foundations of any structures built
    on the reclaimed land are protected from possible acid corrosion.
    For further information please contact Virotec on +617 5530 8014 or
    refer to www.virotec.com.
    ends - AAP


 
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