Syngenta and Diversa in biofuels R&D deal
Mon Jan 8, 2007 6:59am ET
ZURICH, Jan 8 (Reuters) - Swiss agrochemicals group Syngenta and U.S.-based enzyme specialist Diversa Corporation on Monday unveiled a new 10-year research and development partnership to find enzymes which could help convert biomass into biofuel.
The companies said in a statement that under the new agreement, which replaces an earlier partnership, Syngenta would pay Diversa $16 million of guaranteed research funding in the first two years.
The partnership would focus on the discovery and development of a range of novel enzymes to convert pre-treated cellulosic biomass economically to mixed sugars -- a critical step in the the process of biofuel production, the statement said.
Converting biomass to biofuels requires breakthroughs in preparation of cellulosic biomass, conversion of pre-treated cellulosic biomass to fermentable sugars and developments of micro-organisms to ferment sugars to ethanol or other fuels.
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