Monsanto Company and Mendel Biotechnology Announce Cellulosic Biofuels Collaboration
Monsanto Company and Mendel biotechnology, Inc. announced a collaborative agreement to enhance the development of Mendel's BioEnergy Seeds & Feedstocks business. Under the terms of the agreement, Mendel will benefit from Monsanto's industry-leading expertise in the testing, breeding, and development of crops.
Mendel and Monsanto have worked together on the development of biotechnology traits for more than a decade in many crops, including corn, soy, cotton and canola. In this new collaboration, the two companies will apply Monsanto's expertise in crop testing, breeding and seed production to perennial grass seed varieties Mendel is developing for use in biofuels and other commercial applications.
Cellulosic biofuels are made from leaves, stems, stalks or other typically non-edible parts of plants. Use of these renewable energy sources has the potential to greatly expand biofuel supply and also deliver environmental benefits such as reduced greenhouse gas emissions.
Other news from the department business & finance
