ADM, Syngenta Collaboration to Meet Biofuels Demand

ADM and Syngenta Group have signed a memorandum of understanding (MoU) to collaborate in scaling research and commercialization of low carbon-intensity next-generation oilseeds and improved varieties with a view to help meet increasing biofuels demand and other sustainably sourced products, the companies said, reported by World-Grain.com on September 28.
ADM brings to the partnership global scale and logistical expertise, including production and storage capabilities, a vast logistical network and relationships with growers and customers across a wide range of industries.  Syngenta, meanwhile, has strong research and development capabilities that the companies believe will provide biotechnology support, seed treatments and biologicals that further reduce the carbon intensity of crops.
Global demand for biofuels, such as sustainable aviation fuel, is expected to grow by 35 billion liters per year, or 22%, over the 2022-27 period, according to the International Energy Association.  Owen Wagner, Rabobank senior analyst, grains and oils, said sustainable aviation fuel production capacity could potentially increase from 25 million gallons now to nearly 2.2 billion gallons by 2026.