Evogene's Casterra Signs Framework Agreement With An Oil And Gas Company To Sell Its Castor Seeds For Sustainable Biofuel Production, With Initial Purchase Orders Of $9.1M
Portfolio Pulse from Bill Haddad
Evogene's subsidiary Casterra has signed a framework agreement with an oil and gas company to sell its castor seeds for sustainable biofuel production. The agreement includes initial purchase orders worth $9.1 million.
June 21, 2023 | 11:10 am
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Evogene's Casterra signs a deal to sell castor seeds for biofuel production, securing initial orders of $9.1 million.
The framework agreement signed by Evogene's subsidiary Casterra is expected to have a positive short-term impact on Evogene's stock price ($EVGN). The deal secures initial purchase orders worth $9.1 million, which will contribute to the company's revenues and potentially increase investor confidence in the company's growth prospects in the sustainable biofuel market.
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IMPORTANCE 80
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