ADM, a global agribusiness giant, has teamed up with Syngenta Group, a Swiss seed and crop protection producer. The objective of the partnership is to increase the availability of next generation oilseeds. These seeds will have low carbon intensity and improved varieties. All of this aims to meet the growing demand for raw materials for biofuels.
The companies signed a memorandum of understanding (MoU) to intensify research into oilseeds and their commercialization, as announced by ADM on September 28.
This partnership is expected to help meet the growing demand for biofuels and other sustainable products, according to the companies.
ADM highlighted that it will bring its global scale and logistics experience to this partnership, including production and warehousing capabilities, an extensive logistics network and relationships with producers and customers across diverse sectors.
Syngenta's research and development capabilities will provide biotechnology support, seed treatments and biologics that will further reduce the carbon intensity of crops.
ADM and Syngenta expand partnership to develop cover crops for sustainable biofuels
Camelina was one of the crops that companies were looking to expand, ADM said.
“This memorandum of understanding with Syngenta demonstrates our collaboration with partners. We are integrating the value chain to support seed technologies,” said Greg Morris, president of ADM's Agricultural Services and Oilseeds business.
“It builds on our capabilities and creates a path to scale up cover crop processing, a process we have already successfully tested.”
Work would begin in North America, as announced by Justin Wolfe, president of Syngenta Global Seeds.
Currently, companies have expressed their desire to form partnerships with other entities to support the creation, marketing and processing of next generation oilseeds. Both also have plans to sign definitive agreements by the end of the year.
Global demand for biofuels, including SAF, is expected to increase by 35 billion liters/year – or 22% – between 2022 and 2027, according to the International Energy Association.
Source: Oils & Fats International
