Anuvia Plant Nutrients

Based in Florida, Anuvia converts organic waste such as excrement, food waste, and agricultural processing waste into granular biofertilizers using a proprietary catalytic process called “TRX” for applications in the agriculture, turf, and lawn care industries. Using the TRX technology, the fertilizer contains electrostatically charged (positive and negative) particles, which bond with nutrients, leading to increased nutrient availability with a slow nutrient release mechanism. Its product is also verified by Environmental Resources Management (ERM), a leading global environmental consulting firm, to have a lower environmental impact compared to traditional fertilizer on corn, rice, and cotton. Anuvia also states that its fertilizer reduces greenhouse gasses in production by up to 32%, compared with the use of conventional fertilizers (2019).

SymTRX targets crops such as corn, soybeans, wheat, canola, sugar beans, and sugar beets, claiming that it increases farmers’ return on investment by 5x. Based on trials conducted in 2019, using SymTRX instead of AMS (ammonium sulfate) showed an average yield increase of 5% across corn, rice, and canola crops. In addition, 70.3% of trials conducted on corn in 2019 reported a positive net income for growers using SymTRX. 

As of June 2022, Anuvia’s products are commercially available in the US and it reported that it was working with international partners to expand its technology worldwide, alongside plans to expand further in North America. The company operates two manufacturing facilities across Zellwood and Plant City in Florida, with a total production capacity of 1.2 million tons. It also reported that its products have been used by almost 1,200 farms (February 2021), with plans to cover 20 million acres of farmland by 2025. In April 2022, it was reported that Anuvia recorded a 43.6% CAGR in revenue from 2017 to 2020. 

Key customers and partnerships

In September 2019, Anuvia entered into a long-term lease agreement with The Mosaic Company (a leading producer of phosphate and potash) to use a part of the latter’s unused phosphate production facility in Plant City, Florida. This expansion led to the increase of the company’s production capacity to 1.2 million tons per year, amidst increasing demand for its fertilizers, from 80,000 tons in April 2016. Anuvia extended its partnership with The Mosaic Company in September 2020 after signing a commercial agreement to license its SymTRX technology to The Mosaic Company for sales in the US under the brand name “Susterra by Mosaic.” In October 2021, Anuvia partnered with Novozymes, a Denmark-based global biotechnology company, to jointly identify and develop new products aimed at increasing the nutrient efficiency of crops. The partnership would initially combine Novozymes’ phosphate biofertilizer technology with Anuvia’s fertilizer technology to enhance phosphorus uptake as much as up to 10+ units, with later developments focusing on increasing the uptake of nitrogen and potassium. 

Funding and financials

In April 2022, Anuvia raised USD 65.5 million in Series D funding co-led by Riverstone Holdings LLC and Piva Capital. The funds were to be used to increase production capacity and for the commercialization of its SymTRX XP biofertilizer products for large-scale agricultural use.