Yield10 Bioscience shows progress for biofuels production using Camelina
In Massachusetts, Yield10 Bioscience, an agricultural bioscience company, said that the firm demonstrated significant progress toward building a value chain for broadly commercializing Camelina as a platform crop to produce low-carbon intensity feedstock oil for the biofuel market during the first half of the year.
Oliver Peoples, President and Chief Executive Officer of Yield10, said: “We continue to engage with potential supply chain and customer prospects in the biofuel space, including ongoing discussions with Marathon Petroleum and Mitsubishi with the goal of finalizing Camelina oil offtake and investment agreements.”
“We have supported our Camelina growers throughout the season and anticipate harvesting all contracted acres across the U.S. and Canada over the coming weeks. I am pleased to report that we are seeing a building momentum in new interest, as well as repeat interest, among growers for participation in our upcoming 2023/2024 winter Camelina grower contracting program,” he added.
The executive also said that the firm will seek to secure offtake agreements for the biofuel market in the second half of the year.
Category: Fuels
