04 August 2009 15:09 [Source: ICIS news]
LONDON (ICIS news)--BASF and Brazilian sugarcane research institute CTC (Centro de Tecnologia Canavieira) have signed an agreement to develop sugarcane varieties that could boost yields in Brazil by 25% and lift biofuels production, the partners said on Tuesday.
BASF’s group vice president for plant sciences, Marc Eberhardt, said sugar cane farmers would benefit greatly from the agreement, which was expected to increase yields from 80 tonnes/ha to 100 tonnes/ha and help bring additional land into production.
No financial terms were disclosed but BASF said that marketable products from the collaboration would be introduced by late in the next decade.
About 50% of sugarcane yields are affected by drought, reducing potential revenues by $1.5bn a year on average, Nilson Zaramella Boeta, CTC CEO, said.
The agreement, combining BASF’s gene discovery platform and CTC’s sugarcane knowhow, could help bring marginal land that has little or no rainfall into sugar cane production, the partners said.
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