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Agri-Biotech Giant Monsanto Moves into its Newest Venture: Biofuels From Prairie Grasses
Agricultural-biotech giant Monsanto Co. (MON) is already a global leader in the development of genetically engineered crop seeds.
Now the St. Louis-based firm is exploring the potential for biofuels, one of the hottest sectors in the alternative energy realm.
Monsanto and the Hayward, Calif.-based Mendel Biotechnology Inc. have joined forces to study how certain prairie grasses could be transformed into biofuels.
The terms of the deal were not released. But the companies aren’t strangers. In fact, Monsanto and Mendel say that they’ve spent more than a decade collaborating on the development of “biotechnology traits” for such crops as corn,…
1May2008 | Money Morning | Comments Off | Continued
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