May 25, Toronto, Ont. - Canadian based Agrisoma Biosciences Inc. signed a new partnership with the country of Uruguay introducing a new, renewable, low carbon cash-crop for farmers.
The deal gives the Quebec-based company the opportunity to grow its business outside of Canada by planting thousands of new hectares of the Carinata seed in Uruguay.
"This is a made in Canada solution," says Steve Fabijanski, CEO of Agrisoma. "Carinata, is a new crop first developed, tested and grown in Canada and now going global, being farmed as a new second, cash-crop alternative," says Fabijanski.
The partnership opens new opportunities for the Canadian agricultural sector to grow more Carinata and feed the global markets demanding a broad solution for world food security and clean energy.
"This partnership is a shining example of how foreign governments and Canadian business can work together to find sustainable farming solutions that address consumer's increasing demand for healthy food production and renewable energy, says Rodolfo Nin Novoa, Uruguay's Minister of Foreign Affairs.
Under this new deal, both parties anticipate significant economic and rural benefits from production of Carinata in Uruguay as a non-food crop that can be made into low carbon bio and aviation fuels as well as nutritious, GMO-free animal feed.
Carinata was the crop that fueled the world's first 100% bio-jet flight in Ottawa in 2013.
Last month, Agrisoma's GMO-free animal feed received approval by the US Food and Drug Administration.
Canadian Ag company scores landmark food security deal with Uruguay
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