tiprankstipranks
Yield10 signs MOU with Mitsubishi to market Camelina as biofuel feedstock oil
The Fly

Yield10 signs MOU with Mitsubishi to market Camelina as biofuel feedstock oil

Yield10 Bioscience (YTEN) announced that it has signed with Mitsubishi Corporation, a Memorandum of Understanding, to evaluate the establishment of a partnership to supply, offtake and market Camelina as a low-carbon feedstock oil for biofuels. Mitsubishi Corporation recently announced its aim to mass produce sustainable aviation fuel to decarbonize commercial aviation. Under the MOU, the companies plan to jointly undertake a feasibility study for the supply and offtake of Camelina oil from Camelina grain grown under contract using Yield10’s proprietary Camelina seed genetics to supply oil for the sustainable aviation fuel market. In addition, the companies also plan to jointly study the development and future offtake and marketing of PHA bioplastic produced in Camelina by Yield10 as an added value co-product with oil for biofuels. The MOU is non-binding and expires at the end of 2023. e

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on YTEN:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles