Yield10 Bioscience grants global license to VISION Bioenergy Oilseeds

Yield10 Bioscience and VISION Bioenergy Oilseeds announced that Yield10 has granted to VISION a global license to certain proprietary varieties of Camelina sativa for the production of feedstock oil for biofuels. By facilitating the large-scale commercial production of herbicide tolerant Camelina, this license agreement is intended to empower farmers to capitalize on the growing biofuel market while advancing the decarbonization goals of aviation, maritime, and heavy-duty transport industries. In consideration for the license and completion of certain deliverables, VISION will make cash payments to Yield10 totaling $3 million. Yield10 will supply VISION with certain spring and winter Camelina varieties including varieties exhibiting herbicide tolerance to spray application of broadleaf herbicide glufosinate and tolerance to soil residual Group 2 herbicides. Under the license, VISION will have a three-year period of exclusivity to commercialize the licensed traits and varieties for use in biofuels. Once that period elapses, the license granted to VISION will convert to non-exclusive status worldwide.