Wedoany.com Report on Mar 18th, Sustainable agriculture company Solugen, based in Lévis, Quebec, Canada, recently announced that it has secured $50 million in equity investment led by Idealist Capital, with participation from the Canada Growth Fund (CGF). This funding will be used to expand the production capacity of its organic fertilizer, Azogen, helping to narrow the yield gap between organic and conventional agriculture.
Azogen is a fast-release liquid ammonium nitrogen fertilizer derived from swine manure, produced through a fully circular process and certified organic in the United States. This organic fertilizer effectively increases crop yields while reducing greenhouse gas emissions and has gained popularity among growers in North America.
Solugen's modular plant in Saint-Patrice-de-Beaurivage, Quebec, is currently operating 24/7, processing manure to produce Azogen. The company plans to use the new investment to enhance the capacity of its existing facilities and build a second plant in Quebec, laying the groundwork for future expansion in the United States to meet the growing demand for organic fertilizers in the North American market.
André Beaulieu‑Blanchette, founder and CEO of Solugen, stated, "This investment is a turning point for the company. Our technology provides reliable performance while reducing environmental impact. Expanding our operations will serve more growers and help narrow the yield gap in organic agriculture." François Boudreault, partner at Idealist Capital, added, "Solugen's solution raises the standard for organic fertilizers. By converting manure into a circular fertilizer, it demonstrates technological reliability and a clear path to scaling impact."
Founded in 2017, Solugen focuses on advancing organic agriculture through Azogen. The company is expanding its team and production capacity to support the transition to sustainable agriculture. This round of funding was provided jointly by Idealist Capital, which focuses on the low-carbon economy, and the CGF, established by the Canadian government, with the aim of accelerating the adoption of clean technology.
