Evogene announces creation of subsidiary for castor beans operations

01/3/2012 | BiodieselMagazine.com

Evogene has created Evofuel, a wholly operated unit, to speed up the development of Brazilian castor beans for the production of biodiesel and bio-jet fuel. "With the biofuel industry's continued growth and tremendous demand for cost-competitive feedstock, there is a strong and immediate need for a solution based on designated second-generation seed products," said Evogene President and CEO Ofer Haviv. Evofuel's creation "strongly positions it to address this substantial unmet need," he added.

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