Joint Development Agreement Set to Create New
Crop Protection Solutions and Expand Registered Crop Protection
Products for Camelina
RALEIGH,
N.C., Nov. 7, 2023 /PRNewswire/ -- VISION
Bioenergy Oilseeds (VISION), a US agricultural company driving the
growth of Camelina as an essential feedstock for advanced renewable
fuels, and Makhteshim Agan of North America Inc. (ADAMA), a global
leader in crop protection technology, today announced they have
entered into a Joint Development Agreement to bring to market a
suite of new crop protection solutions for Camelina growers. This
partnership will greatly expand labeled crop protection products
for Camelina, a relatively new crop in the renewable fuels market
with a limited number of labeled crop protection options.
The partnership will pursue multiple pathways for expanding crop
protection solutions for Camelina. ADAMA will conduct comprehensive
research to support the registration of their current crop
protection offerings for use on Camelina. At the same time, VISION
will focus on developing genetic herbicide tolerance in Camelina.
The objective is to develop Camelina strains that work seamlessly
with ADAMA's best-in-class herbicides, ensuring enhanced crop
protection and better yields.
ADAMA has a history of success in this type of endeavor as
evidenced by its successful collaboration with S&W Seed Company
resulting in the Double Team™ Sorghum Cropping Solution with
FirstAct™ herbicide. This solution received high commendations at
the Crop Science Forum & Awards in 2022. Members of VISION
leadership played pivotal roles in the success of Double Team and
are confident that the collaboration between ADAMA and VISION will
yield equally effective results.
"We are excited to be working with ADAMA again on this
critically important research in camelina" said Don Panter, CEO of VISION. "ADAMA's global reach
plus our successful history working together to bring new
technologies to the ag industry can bring significant dividends to
the developing camelina industry and to our farmer customers."
"Camelina can be an attractive crop for farmers to grow due to
its short growing season and ability to do well in marginal lands
as well as increase the overall health of the soil. We recognize
that farmers ultimately want options that they can count on. We are
proud to collaborate with VISION and bring solutions to farmers
that control perennial weeds in Camelina" said Jake Brodsgaard, SVP North America.
Key targets of the Joint Development Agreement include:
- Expanded Labeled Protection: ADAMA will conduct
comprehensive research to support the registration of their current
crop protection offerings for use in Camelina.
- Genetic Trait Development: VISION will focus on
developing genetic herbicide tolerance in Camelina that will
enhance weed control and realization of yield potential.
- Broadleaf Weed Control: Both VISION and ADAMA will
concentrate their efforts on developing broadleaf weed control
solutions, addressing the current lack of options in US-labeled
crop protection products for Camelina.
About VISION Bioenergy Oilseeds: VISION Bioenergy
Oilseeds (VISION) is a US-based agricultural company committed to
the advancement of purpose-grown crops like Camelina sativa
as primary feedstocks for next-generation renewable fuels. We are
dedicated to Growing the Future of Energy™ and empowering farmers
in the renewable fuels market. Established as a joint venture
between S&W Seed Company (NASDAQ: SANW) and Shell (NYSE: SHEL),
VISION combines agricultural industry expertise with Shell's global
position as a leader in renewable fuel technology, production, and
distribution. For more information, visit us at
ww.visionbioseeds.com.
About ADAMA: ADAMA Is one of the world's leading crop
protection companies. We strive to Create Simplicity in Agriculture
– offering farmers effective products and services that simplify
their lives and help them grow. With one of the most comprehensive
and diversified portfolios of differentiated, quality products, our
5,000-strong team reaches farmers in more than 100 countries,
providing them with solutions to control weeds, insects, and
disease, and improve their yields. For more information, visit us
at www.adama.com.
VISION Safe Harbor Statement
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
Forward-looking statements in this release include, but are not
limited to, statements regarding the anticipated benefits of
camelina, including improved weed control or yields, production in
water-limited areas, and simplification of crop management;
expected timing and results of field trials and regulatory
approvals; expected commercial availability of camelina traits; and
statements regarding the advancement of our strategic plans. You
are cautioned that such statements are subject to a multitude of
risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that camelina may
not yield the expected results, our collaboration with ADAMA may
not proceed as planned, the market for camelina biofuels may never
develop, demand for and production of camelina in our target
markets may decline, competitors may develop alternative and more
effective camelina herbicides, as well as risks associated with our
ability to successfully optimize and commercialize our business.
All forward-looking statements contained in this press release
speak only as of the date on which they were made. We do not
undertake any obligation to publicly update any forward-looking
statements, whether as a result of the receipt of new information,
the occurrence of future events or otherwise.
ADAMA Contact
Michelle Blair
Marketing & Communications Manager
984-272-7467
michelle.blair@adama.com
VISION Contact
Alexandra
Hay
VISION Bioenergy Oilseeds
720-853-3511
alexandra.hay@visionbioseeds.com
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SOURCE ADAMA US