ST. LOUIS, Mo. – Bunge and GDM announced today the formation of a joint venture called Enerseed, designed to develop new oilseed crop varieties that can serve as feedstocks for low‑carbon renewable fuels. The partnership combines GDM’s expertise in plant genetics, research and gene‑editing with Bunge’s worldwide processing capabilities and agricultural market reach.
Goals and environmental focus
Enerseed’s primary objective is to create alternative oilseed crops that can be grown efficiently while delivering environmental benefits. According to the companies, the new varieties are expected to improve soil health, reduce erosion and lower water requirements compared with traditional crops.
Opportunities for farmers
Both firms say the venture will give farmers additional planting options, allowing them to generate income during periods when fields might otherwise sit idle. “Navigating today’s global landscape requires strategic focus and innovative solutions that address pressing challenges like energy security,” said Bunge Chief Operating Officer Julio Garros.
Open licensing model
Enerseed will operate under an open licensing model, permitting qualified seed companies, universities, researchers and technology developers to access its innovations and collaborate on future projects. This approach is intended to accelerate the adoption of the new crops and broaden the pool of participants in the renewable‑fuel supply chain.
Initial development and future expansion
The joint venture plans to begin seed‑development projects in select markets, with the potential to expand globally as the crops and commercial opportunities mature. GDM CEO Ignacio Bartolome noted that the partnership allows the company to apply its genetic research and breeding technology to new crops that support renewable‑energy production.
Company backgrounds
Bunge operates in more than 50 countries and is a major player in grain handling, oilseed processing and agricultural commodities. GDM operates in more than 20 countries, specializing in crop genetics and seed development. Neither company has announced specific locations for the first projects or a timeline for commercial production.
Further information
Additional details about the partnership are available at www.enerseed.com. The announcement was made on Tuesday, November 10, and was first reported by WOWO News/Talk 92.3 FM and 1190 AM.
Original reporting: WOWO News/Talk (Fort Wayne) — read the source article.
