Agrisoma Biosciences teams with PGF biofuels for oilseed crop marketing

April 4, 2013 |

In Canada, Calyx Bio-Ventures announced that its majority-owned subsidiary, Agrisoma Biosciences Inc. and PGF Biofuels Inc. have entered into a long term strategic agreement for marketing and distribution. The new long-term agreement appoints PGF as Agrisoma’s exclusive partner for Resonance® carinata, a non-food oilseed crop, in North America and Australia, and establishes a framework through which PGF and Agrisoma will coordinate expansion into additional regions. Under the original agreement in 2012, Paterson was the exclusive contracting partner for the production of Resonance® in Western Canada.

Paterson played a key role in the commercial production launch of Resonance® in 2012, acting as the contracting partner for 6,000 acres planted and harvested last year at approximately 40 farms in Saskatchewan and Alberta. Fifty acres were planted in 2011. Under the new agreement Paterson will manage the purchase of Resonance® carinata production from growers and the subsequent processing and sale of product. Agrisoma will be paid a royalty on sales generated from Resonance® carinata, which will vary depending on the nature of the end products sold.

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Category: International

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