ADM And Syngenta Group Sign MoU To Support Low-Carbon Next-Generation Oilseeds And Improved Varieties To Meet Growing Demand For Biofuels And Other Products
Portfolio Pulse from Benzinga Newsdesk
ADM (NYSE:ADM) and Syngenta Group have signed a memorandum of understanding (MoU) to collaborate on the research and commercialization of low carbon-intensity next-generation oilseeds and improved varieties. The collaboration aims to meet the growing demand for biofuels and other sustainably-sourced products. The companies plan to leverage their existing capabilities to accelerate the research, processing, and commercialization of new, low carbon-intensity oilseeds, such as Camelina. They also plan to foster partnerships with additional companies to support the creation, commercialization, and processing of next-generation oilseeds.
September 28, 2023 | 1:16 pm
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ADM's partnership with Syngenta Group to research and commercialize low carbon-intensity next-generation oilseeds could potentially boost its position in the biofuels and sustainably-sourced products market.
The partnership with Syngenta Group allows ADM to leverage its global scale and logistical expertise to accelerate the research, processing, and commercialization of new, low carbon-intensity oilseeds. This could potentially boost ADM's position in the biofuels and sustainably-sourced products market, leading to increased revenues and profitability in the future.
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