| CATEGORY: NEWS AND ANNOUNCEMENTS |
Syngenta agrees Aussie biofuels tie-up |
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Mon 22 Oct 2007
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| SVJ - Syngenta |
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LONDON (SHARECAST) - Swiss agribusiness Syngenta has agreed a research partnership in Australia for the cost effective conversion of sugarcane biomass to biofuels, it said Monday.
The deal was struck with Queensland University of Technology (QUT), its technology transfer and commercialization company qutbluebox and Australian agbiotech firm Farmacule BioIndustries.
A new Syngenta Centre for Sugarcane Biofuel Development at QUT's campus in Brisbane will start operations immediately.
The Queensland government has said it will invest a total of A5.1m for the establishment of the new centre and for the development of a related biocommodities pilot plant.
“This broadens Syngenta's biofuels strategy into new crops and speeds up our development of biomass conversion technologies to make cellulosic ethanol economically viable,” said Robert Berendes, head of business development at Syngenta.
The agreement gives Syngenta exclusive global marketing rights for the products, excluding for Australia, New Zealand and Pacific islands, where rights are held by the other project partners.
Syngenta can also use the developed technologies in other crops.
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