Bayer: signs MoU with Neste
(CercleFinance.com) - Bayer announces the signature of a memorandum of understanding with Neste to develop the winter rapeseed industry as a feedstock for biofuels.
The companies will work together to create an ecosystem around this crop in the Southern Great Plains in the United States, with a planned launch in 2027 for TruFlex hybrid rapeseed, incorporating Roundup Ready and gin-resistant technologies.
This partnership aims to offer regenerative agricultural solutions while diversifying raw materials for renewable products.
Bayer and Neste will finalize a definitive agreement in 2025.
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