Friday, November 18, 2011
Aussie Biotech Innovator Partners with Indian Farming Giant
Queensland, Australia, November 18, 2011 –(PR.com)– A major double coup for Australian based bio-technology company PolyGenomX Ltd (PGX) was announced this week. It’s newly incorporated sister company PolyGenomX India has signed a deal within its first week of operating, with one of India’s largest enterprises the Indian Farm Forestry Development Cooperative (IFFDC), to trial its polygenomic Jatropha (Jatropha curcas pgx). This is the first stage in a collaborative R&D program to determine the best performing lines of Jatropha to provide India with on-going energy sources. Plans for future trials include polygenomic Paulownia.
Jatropha is one of the leading candidates to satisfy the rapidly growing global demand for clean, renewable aircraft biofuel, and PGX has developed the world’s fastest-growing and highest yielding variety of this plant. Interestingly, polygenomics are the product of a proprietary but natural process and therefore are not GMOs (Genetically Modified Organisms).
Identified by their unique genetic fingerprint, these “super plants” are subject to royalty. While the 2012 pilot study will cover just 50ha, the first commercial stage of the IFFDC project scheduled for 2013 is expected to extend over 1,000 ha requiring more than 1 million plants.
PolyGenomX has shown it is a company that walks its talk by partnering with such an ethical organisation, “One of our values is to work in harmony with nature and to the benefit of humanity, and IFFDC has proven through their work of developing ecologically sustainable farming practices in wasteland areas, providing employment and income for rural communities and particularly to women, that they are aligned with similar values,” says Rowe.
To read more click here
For more information please email BlueMount Capital