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0IR4 Auga Group Ab

0.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Auga Group Ab LSE:0IR4 London Ordinary Share LT0000127466 AGROWILL GROUP ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Farm-prod Raw Matl-whsl, Nec 81.41M -17.84M -0.0770 -6.49 115.87M

AUGA group, AB presents the first technology for the “green” food chain - a climate-friendly tractor

29/09/2021 9:02am

GlobeNewswire Inc.


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AUGA group, AB presents the first technology for the “green” food chain - a climate-friendly tractor

AUGA group, AB (hereinafter the Company) Europe’s largest vertically integrated organic food producer, has developed and presented the world’s first hybrid biomethane and electric tractor for professional farm use AUGA M1. This is the company’s first step in offering technological solutions that will eliminate climate pollution throughout the food supply chain, from field to table, and allow food to be produced at no cost to nature.

“We are ready to provide consumers around the world with food at no cost to nature. By eating such food, people themselves will make a positive impact on climate change daily. And we are sure that more and more people want to live like this,” says Kęstutis Juščius, CEO of the Company.

According to him, the Company is determined to become a world leader in sustainable and organic food technologies.

Climate pollution will be stopped by technology

According to scientists, agricultural activity is responsible for almost a quarter of all greenhouse gas pollution in the world. A large part of the emissions is due to the use of fossil fuels in agricultural machinery.

According to the CEO of the Company, the technology developed in Lithuania will help to create a food production model around the world that will reduce damage caused to nature.

“Three years ago, when we first calculated our emissions, we saw that as much as 30 per cent of them come from the use of fossil fuels on farms. There were simply no solutions to change it. That is why we have taken the lead in developing technologies that will allow us to create a new standard for sustainable agriculture and drastically reduce pollution throughout the food value chain. The first result of this work is a biomethane and electric tractor,” says K. Juščius.

According to him, the choice of biomethane as an alternative fuel was not accidental - it is one of the greenest types of biofuel. Methane, collected from livestock waste and converted to biomethane, offsets more emissions per unit of energy in its production and use cycle than it emits.

Until now, sustainable fuel tractors delivered worldwide have not been suitable for professional farm work.

“Our invention makes it possible to create a wide range of tractor applications and make it accessible to all farmers who want to work sustainably. We are not developing technology just to solve own emissions and deliver on the promise of becoming a CO2-neutral company by 2030. Our goal is bigger - we will strive to make this tractor and other technologies that are still being developed available to farmers all over the world and help solve the global problem of pollution in the agricultural sector,” says K. Juščius.

Solutions invented by Lithuanian engineers

According to K. Juščius, the hybrid AUGA M1 tractor is unique because it solves two main obstacles that have so far prevented the world’s largest corporations from offering such equipment for professional use.

“Our team of engineers has found solutions to solve the problem of refuelling and ensure uninterrupted operation of the tractor throughout the working day. Currently, biomethane-powered tractors are able to operate for only 2-4 hours because the gas cylinders do not physically fit into the tractor structure. However, farmers need agricultural machinery that can work for 12 hours or more. AUGA group understands this perfectly and has created a solution,” says the CEO of the Company.

The company's patented design allows the tractor to accommodate larger biomethane gas cylinders. The AUGA M1 tractor uses a hybrid biomethane-electric fuel system. When the tractor is running, an internal combustion engine powered by biomethane generates energy and transmits it directly to the electric motors that spin the wheels. The company’s patented design allows the tractor to accommodate larger biomethane gas cylinders.

When operating under normal conditions that do not require high power, the tractor stores the generated energy reserve in the batteries. Such a system does not waste energy in low load conditions, uses a relatively small but efficient motor and is able to extract tremendous power when needed. These solutions allow the tractor to work for up to 12 hours.

The second obstacle to the spread of biomethane-powered tractors is the underdeveloped biomethane refuelling station infrastructure. The Company solved this problem by offering quick and convenient gas cartridge replacement.

The change will be created by the community

According to the CEO of AUGA group, while implementing the global strategy of agricultural technologies (AgTech), more solutions will be presented in the near future, which will ensure the sustainability of the entire food chain. The company’s specialists are currently developing other sustainable solutions for technologies that will eliminate carbon emissions from the soil and digestive process of cattle.

“Our innovations will bring together a global community of responsible consumers, smart farmers and bold investors. It will ensure real change by creating an environmentally friendly food supply chain, and will allow to implement the vision of AUGA group - to become synonymous with sustainable food and lifestyle,” says K. Juščius.

You can see the full presentation here: https://www.youtube.com/watch?v=UK_XmOeJ_gc

Contacts:Mindaugas Ambrasas, AUGA group, AB CFO Phone: +370 620 67296 Email: m.ambrasas@auga.lt

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