Ostara Secures US$70 Million In Funding to Scale North American Production of Phosphate Fertilizer

Ostara will use the funding to complete construction of its St. Louis manufacturing facility, which will produce and ship this unique fertilizer to more North American farmers.
Ostara will use the funding to complete construction of its St. Louis manufacturing facility, which will produce and ship this unique fertilizer to more North American farmers.
(Ostara)

In the fall of 2022, Ostara announced it has raised US$70 million in Series C funding to increase production of its Crystal Green line of highly efficient, plant-available, granular phosphate fertilizers for agriculture, specialty, and turf markets. Ostara will use the funding to complete construction of its St. Louis manufacturing facility, which will produce and ship this unique fertilizer to more North American farmers who are looking to maximize yield, embrace sustainability, reduce applied phosphate rates per acre and decrease costs. The Series C funding includes multiple new investors, including Carica Sustainable Investments, as well as existing investors Forage Capital Partners, the Cibus Funds, and Grosvenor Food and AgTech. 
 
The announcement comes at a time when farmers, consumers, Ag retailers, and regulators are searching with growing urgency for solutions that drive yield and improve farm economics, while protecting global natural resources and increasing the resiliency of North America’s fertilizer supply chain.
 
“Growers are looking for more tools that increase the efficiency of applied nutrients, and reduce their required application rates, operational hassles, and environmental impacts. As a result, more and more growers and retailers are turning to Crystal Green’s innovative, highly efficient, phosphate fertilizers,” said Kerry Cebul, chief executive officer of Ostara. “Ostara is excited to rapidly increase our North American manufacturing base, enabling us to serve more U.S. and Canadian farmers.”
 
Ostara’s soon to be commissioned Crystal Green manufacturing plant is strategically located in St. Louis, in the heart of midwestern agriculture. Once complete, the facility will produce 200,000 tons per year, providing product in time for the 2024 growing season, as well as dozens of new jobs to the St. Louis region. The facility represents a major step forward in the production of the next generation of highly efficient, plant-available, sustainable phosphate products.
 
“Phosphates are critical to the production of all crops, yet we know traditional fertilizers are inefficient, increasing their impact on climate and water. Ostara’s proven, innovative technology brings new, efficient phosphate tools to the farm-gate, which enable growers to produce great crops and protect our waterways by limiting runoff,” said Ham James, managing partner at Carica Sustainable Investments, a new investor in Ostara.
 
“The world’s agriculture market is facing unprecedented times,” said Jim Taylor, managing partner at Forage Capital. “From shortages in food production, to rising energy prices and significant declines in fertilizer availability, there has never been a greater need for ultra-efficient, sustainable fertilizers like Ostara’s. The Company not only has the ability to continue to scale world-class manufacturing capacity that can help farmers produce crops, reduce phosphates in waterways, and reduce greenhouse gasses, but it can also do so at a pace and size that will help address the challenges facing global fertilizer supply.”
 

 

Latest News

Where Did All the Corn Acres and Principal Crop Acres Go? The Two Biggest Questions from USDA's Big Prospective Plantings Report
Where Did All the Corn Acres and Principal Crop Acres Go? The Two Biggest Questions from USDA's Big Prospective Plantings Report

USDA says farmers intend to plant 90 million acres of corn this year, which is lower than the trade expected prior to USDA's big Prospective Plantings report.

Vestaron and Simplot Announce Distribution Agreement
Vestaron and Simplot Announce Distribution Agreement

The distribution agreement focuses on Vestaron’s Spear Lep insecticide, which is a peptide-based control method meant to provide growers with a more environmentally friendly alternative to traditional chemicals.

The Scoop Podcast: How To Gear Up For Carbon And Sustainability Programs
The Scoop Podcast: How To Gear Up For Carbon And Sustainability Programs

Tim Hushon, sustainability and technology director at The Mill, details how sustainability factors into their ag retail business and how to partner with farmers on the technology adoption required.

Two Crop Protection Partners Divest Postharvest Solutions Company
Two Crop Protection Partners Divest Postharvest Solutions Company

Sumitomo Chemical and Valent BioSciences have announced Pace International will become part of AgroFresh Solutions.

The Untold Farmer Stories Of Ukraine: Q&A With Howard Buffett
The Untold Farmer Stories Of Ukraine: Q&A With Howard Buffett

Farmer and philanthropist Howard Buffett held a fireside chat during the 2024 Top Producer Summit to share his experiences visiting the front line of Ukraine over the past two years.

Get the Facts Straight on Highly Pathogenic Avian Influenza
Get the Facts Straight on Highly Pathogenic Avian Influenza

Now that the mystery illness impacting some dairy herds has been revealed as the same strain of Highly Pathogenic Avian Influenza that has been impacting the U.S. poultry flock, pork producers are asking questions.