Evogene's Subsidiary, Evofuel, and T6 Industrial to Collaborate on Biodiesel Feedstock Production in Argentina
Collaboration represents expansion of Evofuel’s Latin American operations, currently focused on Brazil
Evogene Ltd. and T6 Industrial S.A., a biodiesel producer in Argentina, announced that Evofuel Ltd., Evogene's wholly owned subsidiary, and T6 Industrial, entered a collaboration for development of castor bean seeds as a sustainable and cost competitive feedstock for biodiesel production.
Under the collaboration, Evofuel and T6 Industrial S.A aim to evaluate and develop Evofuel's advanced castor bean varieties, displaying high oil yield under rain-fed conditions, for commercial production in Argentina. The companies anticipate initiating field trials in Argentina as well as validating the economics and scalability of using Evofuel’s castor bean varieties as a feedstock to supply T6 Industrial's biodiesel facilities.
"Our announced collaboration with T6 Industrial is a strategic step towards expanding our activity into additional markets in Latin America, further to our ongoing activity in Brazil, which bears substantial opportunities for large scale commercial production of castor," stated Assaf Oron, General Manager of Evofuel. "We are excited to work with T6 Industrial to provide a viable and economically attractive feedstock solution for the biodiesel market in Argentina."
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