Casterra Announces Additional Agreements with Seed Producers to Meet Existing & Growing Demand for its Elite Castor Seeds
22 May 2024, Israel: Casterra Ag Ltd., an integrated solutions company for growing castor for bio-based industrial applications, such as biofuels & biopolymers and a subsidiary of Evogene Ltd. (Nasdaq: EVGN, TASE: EVGN), announced it has recently signed new agreements with both existing and new seed producers in Africa. These agreements are anticipated to bolster Casterra’s seed supply capabilities with an addition of approximately 500 tons of high-yielding, high-oil castor seeds. This new addition, together with previous agreements of approximately 400 tons of seeds announced in February this year, is expected to enable Casterra to fulfill the orders received in 2023 by the end of 2024. In addition, this new production will position the company to provide additional supplies for future orders.
Elite high-yielding, high-oil castor seeds are essential for castor cultivation, supporting the economic efficiency of oil production as a source of sustainable biofuel. Casterra’s elite castor varieties are continuously developed to meet and surpass the industry standards, utilizing Evogene’s ‘GeneRator AI’ tech engine.
Mr. Yoash Zohar, CEO of Casterra, said: “Expanding our partnerships with existing and additional seed producers strengthens production capabilities, marks a proactive commitment to meet the dynamic needs of customers and markets worldwide and also mitigates potential production risks. Casterra is committed to establishing a reliable seed production infrastructure and is strengthening its position as a leading company offering a comprehensive solution for the commercial cultivation of castor plants for the biofuel industry.”
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