New Zealand's Agribusiness Joint Venture to Invest NZ$1.2 Million in Nitrous Oxide Emissions-Cutting Device

MT Newswires Live

Nov 04

AgriZeroNZ, a joint venture between the New Zealand government and agribusiness partners, will invest NZ$1.2 million for the development of a wearable device for cows that could reduce nitrous oxide emissions by up to 95% and nitrate leaching by 93%, according to a Tuesday statement from the government.

The device, developed by Amua, spreads a cow's urine, so it can be used as a fertilizer.

Commonwealth Bank of Australia's (ASX:CBA) ASB Bank, ANZ Group's (NZE:ANZ, ASX:ANZ) ANZ Bank New Zealand, a2 Milk Co. (NZE:ATM, ASX:A2M), Synlait Milk (NZE:SML, ASX:SM1), and Fonterra (NZE:FCG) are some of the partners in AgriZeroNZ.

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