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BOI to help in commercialization, promotion of local bio-fertilizer

The Board of Investments (BOI) has started collaborating with AgriSpecialist, Inc. (ASI) for the commercialization and promotion of locally-developed bio-fertilizer products.

In a statement Friday, the BOI highlighted the BIO-N bio-fertilizer developed by the University of the Philippines Los Baรฑos-National Institute of Molecular Biology and Biotechnology, which is being produced by ASI in its facility in Sta. Rosa, Laguna.

Based on their discussion with ASI, BOI said the Bio-N can increase farmersโ€™ yield by 11 percent.

โ€œNotably, five to six 200-gram sachets of Bio-N can replace two 50-kilogram bags of urea per hectare planted with rice. With the product, farmers can save around PHP10,000 per hectare,โ€ the investment promotion agency said.

ASIโ€™s facility in Laguna is also being eyed as the first commercial-scale manufacturing plant for bio-fertilizers. The planned expansion of its Laguna plant can also supply 100 percent of the countryโ€™s bio-fertilizer requirements.

BOI and ASI are now looking for potential partners and users for the locally-developed bio-fertilizer products. (PNA)