Arcadia Biosciences and FuturaGene Enter Agreement to Develop Nitrogen Use
Efficient and Water Use Efficient Eucalyptus and Poplar
-- New Tree Crops To Increase Productivity While Preserving Natural Resources
and Reducing Greenhouse Gas Emissions --
DAVIS, Calif. & LONDON -- February 6, 2013
Arcadia Biosciences, Inc., an agricultural technology company focused on
developing technologies and products that benefit the environment and human
health, and FuturaGene, Inc., a world leader in the enhancement of yield and
sustainability of woody crops for plantation forestry, bio-power, and biofuel
markets, today announced that they have signed an agreement for FuturaGene to
develop eucalyptus and poplar trees using Arcadia’s Nitrogen Use Efficiency
(NUE) and Water Use Efficiency (WUE) technologies. Under the terms of the
agreement, FuturaGene receives non-exclusive global rights to NUE and WUE
technologies, expanding FuturaGene’s pipeline to enhance the performance of
plantation forestry species.
The global acreage of plantation forestry has grown more than 50 percent in
the last twenty years to meet growing demand for wood and wood products.
Arcadia’s NUE and WUE technologies aim to increase yields while reducing
resource inputs and their associated environmental consequences. These
improvements in nitrogen fertilizer and fresh water requirements will
contribute to sustainable gains in productivity of plantation forestry.
“Plantation forestry is an important and renewable resource, providing
socio-economic as well as environmental benefits,” said Eric Rey, president
and CEO of Arcadia. “Carefully planned and managed forestry preserves water
quality, enhances biodiversity, and contributes to carbon sequestration. As
global demand for wood products increases, sustainable intensification by
increasing and protecting yields will reduce pressures for extensive
expansion. As a leader in forestry biotechnology, and controlled by Suzano
Papel e Celulose S.A., FuturaGene is a strong partner to bring these new
products to the market.”
“The transition to a sustainable, low-carbon future will be determined by the
ways in which innovation in resource use efficiency will be deployed,” said
Stanley Hirsch, president and CEO of FuturaGene. “The option to harness the
potential benefits of Arcadia’s NUE and WUE technology in our yield
enhancement and yield protection platforms is an exciting prospect.”
Arcadia recently announced the approval of a Clean Development Mechanism (CDM)
methodology allowing growers to earn carbon credits for reduced nitrogen use
due to NUE technology.
“Our recently approved CDM methodology is applicable to all crops that use our
NUE technology. Forestry is already an important sector for reducing global
greenhouse gas emissions and we envision the agreement between FuturaGene and
Arcadia as further enhancing these opportunities. In the end, there will be a
measurable positive impact on the global environment,” said Rey.
About Arcadia Biosciences, Inc.
Based in Davis, Calif., Arcadia Biosciences is an agricultural technology
company focused on the development of agricultural products that improve the
environment and enhance human health. Arcadia’s agronomic traits, including
NUE, Water Efficiency, Salt Tolerance, Heat Tolerance, and Herbicide
Tolerance, are all aimed at making agricultural production more economically
efficient and environmentally sound. Arcadia’s health technologies and
products create healthier nutritional ingredients and foods with lower cost of
production. For more information visit www.arcadiabio.com.
About FuturaGene, Inc.
With facilities in Brazil, China, and Israel, FuturaGene is a leader in plant
genetic research and development for the global forestry, biopower, and
biofuel markets. Since July 2010, FuturaGene has been a wholly owned
subsidiary of Suzano Pulp and Paper, a publicly-held, leading integrated
forestry, pulp and paper company. For more information, visit
Arcadia Biosciences, Inc.
Jeff Bergau, +1-312-217-0419
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