Ceres, Inc (CERE)

[Goodfill]

Interesting read:

Ceres, Inc. (NASDAQ:CERE)

Today, Ceres, Inc. (CERE), an agricultural biotechnology corporation, and Brazilian energy corporation Raízen S.A., declared that they have signed a multi-year partnership contract to develop and produce sweet sorghum on an industrial scale. Sweet sorghum can be grown to complement existing feedstock supplies and extend the operating season of Brazilian sugarcane-to-ethanol mills.

Under the collaboration, the companies will each contribute in-kind services and resources and share in the proceed from the ethanol produced from Ceres’ sweet sorghum above certain levels. This season, Raízen has planted Ceres’ sweet sorghum evaluation in a single location and plans to expand to multiple mills in the seasons to come.

Ceres President and CEO Richard Hamilton said that the corporation is happy to be working more closely with Raízen, which has taken a leading role in adopting new agricultural and industrial technologies. “The ethanol industry in Brazil has a history of successfully competing against low-priced oil and we believe that sweet sorghum, which has lower production costs than sugarcane, can be further developed and scaled up as an integral part of the industry’s feedstock supply,” said Hamilton.

Raízen, a joint venture of Royal Dutch Shell and Cosan, has taken a keen interest in developing and scaling up sweet sorghum as a means to grow margins and raise supply for its sugar and ethanol facilities. The corporation has conducted field and industrial evaluations of Ceres’ sweet sorghum hybrids since 2011.

Raízen, a joint venture of Royal Dutch Shell and Cosan, is Brazil’s fifth largest corporation in terms of proceed and the nation’s leading producer of sugarcane ethanol. With 24 sugar and ethanol facilities, the corporation produces more than 2 billion liters of ethanol, 4.5 million tons of sugar and 900 MW of electricity from biomass each year.

Ceres, Inc. is an agricultural biotechnology corporation that develops and markets seeds to produce crops for markets that utilize plant biomass, counting biofuels, renewable electricity and livestock feed and forage. The corporation’s technology platforms, which can raise crop productivity, improve quality, reduce crop inputs and improve cultivation on marginal land, have broad application across multiple crops, counting food, feed, fiber and fuel crops. Ceres markets its seed products under its Blade brand.


http://www.wsnewspublishers.com/emerging-stories-to-analyze-ceres-inc-nasdaqcere-microvision-inc-nasdaqmvis-cytori-therapeutics-inc-nasdaqcytx-advaxis-inc-nasdaqadxs/152606/