ADM, Syngenta Partner to Scale Research, Commercialization of Low-Carbon Next-Gen Oilseeds
ADM and Syngenta have signed a Memorandum of Understanding (MoU) to collaborate on scaling research and commercialization of low-carbon, next-gen oilseeds, such as Camelina, and other improved varieties, to help meet soaring demand for both biofuels and sustainably sourced products.
Global demand for biofuels such as sustainable aviation fuel (SAF), which can be made from a variety of feedstocks including oilseeds such as the ones envisioned by this partnership, is expected to grow by 35 billion liters per year, or 22 percent between 2022-2027, according to the International Energy Association.
Under the framework of the MoU, the companies will leverage:
~ Sygnenta’s R&D engine, which offers biotech support, seed treatments, and biologicals that reduce the carbon intensity of crops and agronomic knowledge from a network of local field experts with excellent farmer relationships.
~ ADM’s global scale and logistical expertise, including production and storage capabilities; a vast logistical network, and relationships with growers and customers spanning food, feed, fuel, and industrial and commercial products.
The partners state that they are already advancing important work to grow and process next-generation oilseed varieties, and expect to sign a definite agreement by the end of this year.
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