Agrisoma signs first international cleantech supply deal
Supply agreement will grow carinata oilseed crops for sustainable biofuels production in South America.
Oil & Gas
GATINEAU, Que. — Canadian-based Agrisoma Biosciences Inc. and biorefinery giant UPM in Helsinki, Finland have signed a long-term supply agreement that will expand the world’s only oilseed crop to produce renewable fuels in South America.
Under the deal, the two companies will grow Carinata oilseed crops with third-party farmers in Uruguay and Brazil.
Carinata is the oilseed variety Agrisoma created to advance sustainable biofuel production in the aviation industry and to produce non-edible oil for making low carbon biofuels’ and nutritious protein for animal feed.
The Agrisoma-UPM agreement is a global first, where a non-food sustainable oilseed can develop into a second, low indirect land use change (ILUC) crop, thereby producing few greenhouse gas (GHG) feedstocks to produce advanced biofuels.
Commercial production of Carinata, tested in South America in 2016, has been seeded as a second crop during the winter growing season, a time when major commodity crops do not grow.
Carinata produced under these second cropping procedures provides finished fuels with a greenhouse gas (GHG) reduction of more than 75% over fossil fuels, Agrisoma says.