Bunge and GDM Announce Joint Venture, Enerseed, to Develop Novel Oilseeds for Low-Carbon Fuel Feedstocks
Key Highlights
- ➤Bunge and GDM launch Enerseed joint venture for novel low-carbon oilseeds
- ➤Enerseed combines GDM genetics with Bunge processing and global market access
- ➤First seed projects begin in select markets, with potential global expansion
- ➤Enerseed will use open licensing to scale low-carbon feedstock development
Expert Statements
Julio Garros, Chief Operating Officer of Bunge
“Navigating today’s global landscape requires strategic focus and innovative solutions that address pressing challenges like energy security”
Julio Garros, Chief Operating Officer of Bunge
“Bunge’s joint venture with GDM, a leader in oilseed genetics with a global presence and experienced research team, is another step in Bunge’s work to support decarbonization in global supply chains.”
Julio Garros, Chief Operating Officer of Bunge
“By leveraging our complementary strengths, Bunge and GDM can also unlock value for farmers who can grow low-carbon feedstocks and for customers across the feed, food and fuel industry.”
Ignacio Bartolome, Chief Executive Officer of GDM
“At GDM, our purpose is to contribute to global food security through genetic innovation. This joint venture allows us to extend that expertise into new crops and markets that can support the transition to more sustainable energy”
Ignacio Bartolome, Chief Executive Officer of GDM
“By partnering with Bunge, we can apply our global R&D platform, advanced breeding expertise, trait development and gene-editing tools to accelerate innovation in low-carbon feedstocks and create new opportunities for growers and the broader value chain.”
Bunge and GDM Announce Joint Venture, Enerseed, to Develop Novel Oilseeds for Low-Carbon Fuel Feedstocks
Bunge (NYSE: BG), a premier agribusiness company that connects farmers to food, feed and fuel markets, and GDM, a global plant genetics company, today announced a strategic joint venture, Enerseed, to develop high-quality, novel oilseeds as feedstocks for biofuels. The partnership will accelerate the development and commercialization of next-generation, non-traditional oilseed crops for the growing low-carbon renewable fuels market.
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