Syngenta forms research partnership in Australia for biofuels development |
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Mon, 22 Oct 2007 06:32
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ZURICH (Thomson Financial) - Syngenta said it has formed a research partnership in Australia to develop cost effective conversion of sugarcane bagasse into biofuels, in a move that will broaden the agribusiness's biofuels strategy into new crops.The agribusiness partners in this research are Queensland University of Technology (QUT), its technology transfer and commercialisation company qutbluebox and the Australian agbiotech company Farmacule BioIndustries.A Syngenta Centre for Sugarcane Biofuel Development will be established at QUT's campus in Brisbane.The Queensland Government will invest 5.1 mln aud towards the Syngenta centre, and for the development of a related bio-commodities pilot plant. Other financial details have not been disclosed.For products arising from the research, Syngenta will have exclusive global marketing rights, excluding Australia, New Zealand and Pacific islands, where rights are held by the other project partners.Syngenta can also use the developed technologies in other crops.huimin.neo@thomson.comhmn/jfrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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