By Yield10 Bioscience Inc. | 12 January 2023
Yield10 Bioscience Inc., an agricultural bioscience firm, introduced on January 11 that it has signed a memorandum of understanding (MOU) with Mitsubishi Corp. to judge the institution of a partnership to provide, buy and market Camelina as a low-carbon feedstock oil for biofuels. Mitsubishi Company lately introduced its aim to mass produce sustainable jet gasoline to decarbonize industrial aviation.
Underneath the MOU, the businesses plan to collectively conduct a feasibility examine for the availability and extraction of Camelina oil from Camelina grain grown beneath contract utilizing Yield10’s proprietary Camelina seed genetics to provide oil to the sustainable jet gasoline market. As well as, the businesses additionally plan to collectively examine the event and future extraction and advertising of PHA bioplastic produced in Camelina by Yield10 as an added-value by-product with oil for biofuels. The MOU is non-binding and expires on the finish of 2023.
“Yield10 and Mitsubishi are aligned on the sustainability advantages the Camelina crop can carry to the transportation gasoline market,” mentioned Oliver Peoples, Ph.D. President and CEO of Yield10 Bioscience. “Over the subsequent a number of months, we stay up for working with the Mitsubishi crew to develop a framework for a partnership to collectively develop and construct our Camelina enterprise within the US and different key geographies.”