Casterra AG News
5 articles
growth-positive
Casterra Announces a Key Milestone in its Operational Expansion Plan in Africa, with Completion of First Shipment of Castor Seeds Grown and Processed in Kenya
Casterra Ag Ltd., a subsidiary of Evogene Ltd., has achieved a significant milestone in its operational expansion in Africa by delivering its first shipment of over 100 tons of castor seeds to a customer in Africa. These seeds were cultivated and processed in Kenya, marking the completion of the entire cycle within the country. This development is part of Casterras strategy to establish a stable supply chain for castor seeds in Africa, leveraging local agricultural practices and reducing shipping costs. The company is focused on expanding its operations, with 700 additional hectares sown with its premium seed varieties in Kenya. Casterra aims to become a leading global supplier of castor seeds for bio-based products and biofuel, utilizing advanced breeding methods and Evogenes GeneRator AI tech-engine.
Customers
growth-positive
Casterra Announces Additional Agreements with Seed Producers to Meet Existing & Growing Demand for its Elite Castor Seeds
Casterra Ag Ltd., a subsidiary of Evogene Ltd., has signed new agreements with both existing and new seed producers in Africa. These agreements are expected to support the production of approximately 500 tons of additional seeds, enabling the completion of standing orders by the end of 2024 and positioning Casterra to fulfill future orders. The companys elite castor varieties are continuously developed to meet and surpass the industry standards, utilizing Evogenes GeneRator AI tech engine.
PartnersExpand
growth-positive
Casterra Signs a Framework Agreement with a World Leading Oil and Gas Company to Sell Its Castor Seeds for Sustainable Biofuel Production, with Initial Purchase Orders of $9.1 Million
Casterra Ag Ltd., a subsidiary of Evogene Ltd., has signed a framework agreement to sell seeds of its proprietary castor varieties to a leading oil and gas company for cultivation in specific African territories. The initial purchase orders are valued at $9.1 million and the seeds are expected to be delivered in 2023. Casterras high-yield, high-oil castor seed varieties are optimized for biofuel production. The biodiesel market is estimated to reach $190 billion by 2030, and Casterras purchase orders can support approximately 1.5% of the current world demand for non-fossil oil for biodiesel. Casterra develops its castor varieties using Evogenes GeneRator AI tech engine.
Customers
growth-positive
Corteva invests $10m in Evogene's LaVie Bio unit
Israeli agro-tech company Evogene Ltd. has signed a strategic cooperation agreement with Corteva Agriscience. Under the agreement, Corteva will invest $10 million in Evogenes subsidiary, LaVie Bio, which specializes in microbiome for improving plants. Corteva will hold 30% of LaVie Bio and have the right to market some of the products developed by the subsidiary. This investment supports Evogenes new approach of splitting off its activity into subsidiaries and allowing separate investments in each of them. The deal values LaVie Bio at tens of millions of dollars. LaVie Bio aims to improve food quality, agricultural sustainability, and crop yields through the use of microbiome products.
Partners
growth-positive
Evofuel expands castor activity in Brazil with Insolo
Evogene Ltd. has signed a collaboration agreement with Insolo Agroindustrial S.A. to select and optimize Evofuels castor bean varieties in Insolo farms in Brazil. The two-year collaboration will evaluate the economic and agronomic benefits of growing castor seed varieties in the region. Evofuel focuses on the development of castor bean seeds for industrial use and production of oil feedstock for the biofuel market. They have also collaborated with Case New Holland and Embrapa for the development of a combine solution and research on castor disease control practices, respectively.
Partners
