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Agrivida Signs Technology Collaboration Agreement With POET 08/30/2012

Posted by Morse, Barnes-Brown Pendleton in Client News, Deal News.
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Agrivida, Inc.On August 21st, MBBP client Agrivida, Inc. announced it has entered into a technology collaboration joint development agreement with POET Research Inc., a subsidiary of POET LLC, one of the world’s largest ethanol producers. The focus of the joint venture will be developing Agrivida’s engineered corn stover feedstock and feedstock processing technology platforms with the hope of reducing capital and operating costs in commercial cellulosic ethanol production facilities. Agrivida CEO Mark Wong had this to say of the agreement:

We are excited to be working with POET to improve the economics of advanced biofuels production. POET has one of the most advanced commercial cellulosic programs in the world with strong research, development and commercial deployment capabilities. POET will be a great partner as Agrivida transitions its technology from research and development to a commercialization phase.

To learn more, please see Agrivida’s full press release.

Secretary of Energy Visits Agrivida 07/02/2012

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On June 22nd MBBP client Agrivida, Inc. was joined by United States Secretary of Energy, Dr. Steven Chu. Agrivida informed Dr. Chu on its developments in creating non-food biomass feedstocks for the renewable fuels, chemicals and other industries. Agrivida CEO, Mark Wong, had this to say of the visit:

Agrivida is positioned to be a major player in delivering more efficient and less costly means of renewable energy generation, while reducing capital and operating costs; we appreciate the opportunity to brief Secretary Chu on our scientific progress.

To learn more about Agrivida and its research, please visit their website.

Agrivida Welcomes U.S. Agriculture Secretary On Trip to Massachusetts 05/17/2011

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On May 13th, United States Agriculture Secretary Tom Vilsack made an unusual visit to Massachusetts in order to bring attention to its growing biofuel sector and the USDA‘s efforts to invest in research and development projects that will help reduce America’s reliance on foreign oil. One of his stops included the Medford, MA headquarters of MBBP client Agrivida, Inc., a company that is looking to produce the next generation of biofuels. Agrivida CEO Mark Wong believes many people are unaware of the growing biofuels industry in Massachusetts. In an article published online by WBUR, Wong says:

We are an outlier in Massachusetts because we’re an ag-focused company. There’s a lot of pharma companies that do gene shuffling and stuff like we do, but there’s not a lot of ag companies.  But the talent of science is so good here [Massachusetts]. That’s why we’re here and that’s why we’re not somplace else…

 For the full article, please visit WBUR.

To learn more about Agrivida’s initiatives, please visit their website.

Agrivida Collaborates with Syngenta to Create Low-Cost Sugar 12/21/2010

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MBBP client Agrivida, Inc. announced they are working in collaboration with Syngenta Ventures, a venture capital firm that invests globally in innovative businesses, to create advanced crop technology that will provide low-cost sugars for a variety of industrial applications. Syngenta will provide Agrivida with access to crop technology and intellectual property in return for equity in Agrivida.

Mark Wong, Agrivida’s CEO believes that technologies developed through this collaboration will “provide growers, processors, seed partners, and all members of the value chain with crops that enable cost-effective products from cellulosic biomass, and in turn helps to transform this emerging industry.”

For more information, please visit Agrivida.

Agrivida Strives for a Biofuel Breakthrough 04/08/2010

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Agrivida, Inc.In a recent Forbes.com article, MBBP client Agrivida, Inc. is featured for their efforts in improving the biofuel pretreatment process through the implantation of special plant genes. At a specified time, these plants will begin to create enzymes that help to convert enzymes to sugar (and later these sugars into fuel) which “will advance energy independence while reducing greenhouse gas emissions and enhancing the rural economy.” Agrivida is very close to perfecting this process and hopes to release a strain of corn ready for testing by the end of next year.

Please visit Agrivida for more information on their initiatives.

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