ADM and Syngenta Group have signed a memorandum of understanding (MoU) to collaborate on the development of low carbon, next-generation oilseeds and improved varieties to help meet growing demand for biofuels fueled by sustainable aviation fuel.
ADM and Syngenta hope to leverage their existing capabilities to accelerate the research, processing, and commercialization of oilseeds such as Camelina that are typically grown in the fallow period of a crop rotation. Such feedstocks could help meet global demand for biofuels which is expected to grow by 35 billion liters per year, or 22%, over the 2022-2027 period, according to the International Energy Association.
“Farmers have always been stewards of the land,” said Alison Taylor, ADM’s chief sustainability officer. “We’re already expanding our partnerships with farmers through our re:generations™ regen ag program; this MOU represents another pathway for us to help them drive value by positioning their businesses to meet global demand for sustainably-sourced products.”
“Transforming agriculture will be fueled by innovation, but it must be achieved at scale,” said Daniel Vennard, Syngenta Group’s Chief Sustainability Officer. “This cannot be done alone. The whole food and agriculture system needs to work in partnership with farmers at the center. Our collaboration with ADM is a perfect example of our continued commitment and we are excited to see what we will do together and how we can inspire the industry.”
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.