Evogene’s biofuel activity, initiated in 2007, targets the development of second generation feedstock to serve as a sustainable, viable and cost efficient source of oil for the growing biodiesel industry.
Included in the activities that are being transferred from the parent company to Evofuel is the development and commercialization of castor bean varieties for Brazil as well as the biofuel research and development activities located in Israel.
In addition to being the limiting factor for future growth, feedstock, which currently relies mainly on edible oils, such as soybean and canola, currently constitutes about 80% of biodiesel production costs.
Evofuel aims to broaden its activity to additional potential feedstocks for the biodiesel, biojet and bioethanol markets.
Evogene recently completed field trials for its advanced castor varieties in Brazil in cooperation with SLC Agricola, an agribusiness in Brazil.
Evogene is a developer of improved plant traits, such as yield and drought tolerance, for a wide diversity of key crops through the use of plant genomics.
