ADM and Syngenta sign MoU on low-carbon next-generation oilseeds and improved varieties to meet growing demand for biofuels and other products
ADM and Syngenta Group, one of the world’s biggest agricultural technology companies, signed a memorandum of understanding (MoU) to collaborate in scaling research and commercialization of low carbon-intensity next-generation oilseeds and improved varieties to help meet skyrocketing demand for biofuels and other sustainably-sourced products.
The MoU envisions a collaboration in which ADM and Syngenta would leverage their existing capabilities to accelerate the research, processing, and commercialization of new, low carbon-intensity oilseeds, such as Camelina, that are typically grown in the fallow period of a crop rotation. The companies have broad capabilities including:
Syngenta’s R&D engine, which offers biotechnology support, seed treatments, and biologicals that further reduce the carbon intensity of crops, and agronomic knowledge from a network of local, field experts combined with excellent farmer relationships.
ADM’s global scale and logistical expertise, including unparalleled production and storage capabilities, a vast logistical network, and relationships with growers and customers spanning food, feed, fuel, industrial and consumer products.
ADM and Syngenta envision fostering partnerships with additional companies to support the creation, commercialization and processing of next-generation oilseeds.
Global demand for biofuels—such as sustainable aviation fuel, which can be made from a wide variety of feedstocks, including oilseeds such as the ones envisioned in this MOU—is expected to grow by 35 billion liters per year, or 22%, over the 2022-2027 period, according to the International Energy Association.
The companies expect to sign definitive agreements by the end of the year and are already advancing important work together around growing and processing next-generation varieties.