By Yield10 Bioscience Inc. | October 03, 2023
Yield10 Bioscience Inc., an agricultural bioscience firm, immediately introduced that the harvest of a majority of the winter and spring camelina sativa (camelina) grain produced beneath grower contracts in 2022/2023 has been accomplished. This harvest marks the institution of the corporate’s “camelina seed genetics to biofuel” platform, because the camelina grain is being delivered to an offtake companion that has crushed the grain and refined the oil into biofuel. Because of this, Yield10 has begun producing income from camelina grain supply for the manufacturing of feedstock oil for sustainable transportation fuels. Yield10 expects the income stream from gross sales of camelina grain to be a key contributor to the corporate’s monetary profile within the coming years.
“We’re extraordinarily happy to attain this milestone of producing income by commercializing our ‘Camelina Seed Genetics to Biofuel’ platform,” mentioned Oliver Peoples, president and CEO of Yield10 Bioscience. “This was achieved by the dedication and dedication of the Yield10 workforce working carefully with growers as companions. As we’ve transitioned to the commercialization of Camelina, we will now flip our focus to constructing the know-how basis to speed up grower adoption of Camelina for the biofuels market. We imagine that our herbicide tolerant Camelina varieties, at the moment progressing by growth, regulatory overview and scale-up, will play an important function in our technique to develop acreage considerably over time. We stay centered on assembly our future commercialization objectives and plan to proceed income era and in the end to totally notice our imaginative and prescient for Yield10.”
Considered one of Yield10’s main objectives for 2023 was to exhibit the business points of its worth chain, which supplies proprietary Camelina seed genetics, contains the signing of grower contracts, and facilitates well timed grain offtake for the crushing and refining of Camelina grain into biofuel. This milestone demonstrates the Firm’s capabilities to interact growers, construct sturdy business relationships, execute logistics, and in the end drive income era. Most significantly, it supplies the framework for scaling-up Camelina acreage over time to place Camelina as doubtlessly a serious supply of low-carbon index feedstock oil for the biofuel trade. Yield10 continues to interact with market contributors to safe further partnerships within the biofuel house.
Yield10 engaged with growers in fall 2022 to plant winter Camelina beneath business contract and in spring 2023 to plant spring Camelina. These crops had been harvested between July 2023 and September 2023. Suggestions from growers has to this point been constructive, particularly in areas the place drought circumstances continued over the season. In these areas, Camelina carried out very properly compared to different crops.
Yield10 is working to safe grower contracts with farmers to plant Camelina for harvest within the third quarter of 2024. Potential growers are inspired to contact Yield10 to be taught extra about collaborating within the “camelina seed genetics to biofuel” platform.
