Sylacauga, Alabama (USA), 6 June 2018 - Pursell Agri-Tech LLC and its industrial partner and shareholder Stamicarbon B.V., the innovation and licence company of Maire Tecnimont Group, are proud to announce the opening of an innovative new fertilizer coating facility in Sylacauga, Alabama.

The plant that is owned by Pursell Agri-Tech will produce next-generation controlled-release fertilizers that will enhance nutrient-use efficiency and increase agricultural output and productivity while reducing the impact traditional fertilizers can have on the environment.

The system features a synergistic combination of unique coating materials applied through proprietary processing techniques in a low-cost modular facility design that allows plants to be placed close to the markets they serve, removing additional cost from production and distribution. The enhanced cost-efficiencies of the Pursell process will help the company's controlled-release technologies be more accessible to broadacre cropping systems. Pursell Agri-Tech is partnering with Stamicarbon to license this technology to fertilizer producers, traders, blenders and distributors worldwide.

At the June 5th grand opening, Pursell hosted partners, stakeholders, fertilizer industry media, and current and future customers. The day's events included:

• Sharing a video that showcased the Pursell family's - and state of Alabama's - legacy of innovation in the fertilizer industry.
• Speeches and comments from Taylor Pursell (Chairman, Pursell Agri-Tech), Nick Adamchak (CEO, Pursell Agri-Tech), Pejman Djavdan (Managing Director, Stamicarbon), Casper Kaastra (General Manager, La Coop Federee) and Mike Hudson (CEO, Diamond-R Fertilizer).
• A ribbon-cutting ceremony to mark the official opening of the plant.
• A plant tour that demonstrated the proprietary coating system Pursell has developed.

"We are proud to have Pursell Agri-Tech as our partner and want to congratulate them with the launch of their first controlled-release fertilizer plant. It is a wonderful feeling for a company to work alongside a strong partner sharing the same vision and values," says Pejman Djavdan, Managing Director of Stamicarbon.

Pursell Agri-Tech's first commercial facility is now operating in Sylacauga, Alabama where the company is producing its own branded controlled-release fertilizers products: Transcend™ for the broadacre agricultural market; Transcend SA™ for the high-value specialty ag market; and PurKote™ for the golf, turf, landscape and ornamental segment.

"The Pursell name has been synonymous with innovation in the fertilizer industry," says Nick Adamchak, Chief Executive Officer of Pursell Agri-Tech. "We're proud of our history, but we're even more excited about what lies ahead. We're delighted to be part of a larger team - and a larger effort - that is focused and committed to developing and delivering new sustainable, yield-enhancing technologies that can have a significant, lasting impact on global food security and the environment."

Stamicarbon BV

Stamicarbon, headquartered in The Netherlands, is a global leader in the design and project development of chemical plants and licensing of technologies as well as a supplier of high-end equipment and services for the petrochemical industry. This leading position is based on 70 years of experience in licensing and is maintained by its continuous innovations in technologies, products and materials. A pioneering company specialized in the fertilizer industry with a vision to help enable the world to feed itself and improve quality of life. It has licensed more than 250 urea plants and realized more than 100 revamping and optimization projects. Part of the Maire Tecnimont Group, the Stamicarbon headquarters is in Sittard, The Netherlands with a sales office in USA and representative offices in Russia and China.

Maire Tecnimont SpA

Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the international Engineering & Construction (E&C), Technology & Licensing and Energy Business Development & Ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (Oil & Gas Refining, Petrochemicals and Fertilisers), as well as in Power Generation and Infrastructures. The Maire Tecnimont Group operates in approximately 40 different countries, numbering around 50 operative companies and a workforce of more than 5,500 employees, along with approximately 3,000 additional Electrical & Instrumentation professionals. For more information: www.mairetecnimont.com.

Pursell Agri-Tech LLC

The Pursell family has been in the business of agriculture for more than 100 years, and has long pioneered the use of polymer coating for the purpose of controlling fertilizer release rates and enhancing nutrient-use efficiency. Pursell Agri-Tech, based in Sylacauga, Alabama, U.S.A., is committed to expanding on this legacy by developing and commercializing sustainable, next-generation controlled-release fertilizer and coating technologies that increase agricultural output and productivity while reducing the impact on the environment.

For further information:

Stamicarbon BV
Mrs. Mieke Beaujean
Communication Manager
T +31 46 423 7045
E communication@stamicarbon.com

Pursell Agri-Tech LLC
Mr. Nick Adamchak
CEO
T +1 (813) 230-0168
E nick@fertilizer.com