SIOUX FALLS, S.D. and MEDFORD, Mass., Aug. 21, 2012 /PRNewswire/ -- POET Research Inc., a wholly-owned subsidiary of POET LLC, one of the world's largest ethanol producers, and Agrivida, Inc., a developer of biotechnology platforms for feedstock and feedstock processing, today announce the signing of a technology collaboration joint development agreement in the field of cellulosic ethanol. Under the terms of the four-year agreement POET and Agrivida will develop Agrivida's technology platforms with the goal of significantly reducing the capital and operating costs of commercial cellulosic ethanol production facilities.
POET and Agrivida will collaborate to develop and test Agrivida's engineered corn stover feedstock and feedstock processing technology for integration with POET's existing commercial cellulosic technology. Agrivida is developing traits engineered to improve the pretreatment of corn stover and make it easier to break down cellulose while reducing the cost of enzymatic application.
Agrivida will optimize its proprietary corn stover feedstock to provide POET with substantial operating cost savings. POET will evaluate and test Agrivida's proprietary, low-severity feedstock processing technology, which is targeted to provide significant capital and operating cost savings at commercial facilities.
"POET is committed to working with new and innovative technologies that will improve the cost and value of cellulosic ethanol production," said Dr. Wade Robey, POET Senior Vice President and Chief Technology Officer. "If successful, Agrivida's novel approach to increase the functionality and value delivery of corn stover will work well with other technologies being developed by POET."
Mark Wong, Agrivida CEO said: "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 str
|SOURCE Agrivida, Inc.|
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