Yield10 Bioscience Announces Achievement of Proof-of-Concept Milestone for Producing PHA Bioplastic in Field Grown Camelina Plants
PHA are natural polymers, prevalent in nature and fully biodegradable in the environment. Currently produced by fermentation of engineered microbes, PHA polymers also have applications in water treatment where they act as a zero-waste solution to nitrate pollution and as animal feed ingredients. Yield10 has a long history with and deep knowledge of PHAs and it believes that direct production of PHA in seed as a co-product with oil and protein meal has the potential to enable production of PHA bioplastics on an agricultural scale at costs in line with commodity vegetable oils to drive large-scale adoption in the plastics markets. PHA bioplastics could ultimately be used to manufacture a wide range of fully biodegradable consumer products.
The prototype plants tested in these studies were programed with microbial genes based on a recent patent filed for new technology developed by Yield10 researchers to produce Camelina seed containing high levels of PHA bioplastic suitable for field production. Several Camelina lines were grown in small plots at field test sites in the
Based on these results, Yield10 has selected two PHA Camelina lines for larger scale field testing in 2021, pending the issuance of permits in the
“It is truly exciting to reach this milestone in our effort to produce PHA bioplastic in the seeds of field grown Camelina plants,” said
“Our development of Camelina as a new platform crop to produce proprietary products is aligned with global trends to a low carbon economy. These include innovations in cash relay and cover crops for growers to reduce the environmental impact of commodity agriculture and the production of carbon negative products for food, fuel and plastics,” said
“We are executing our strategy to build strong cash flow to support the commercialization of Camelina PHA bioplastics. Our near term commercial efforts are focused on launching our Camelina business to produce oil for renewable diesel and as a fish oil supplement for aquaculture feed, and developing the business plan for the recently obtained rights to the Camelina omega-3 (DHA+EPA) replacement fish oil under our recent agreements with
Evaluation of the results for additional traits tested in Yield10’s 2020 field tests is currently ongoing and the Company anticipates providing updates as data becomes available.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release which are not strictly historical, including, without limitation, whether direct production of PHA in seed as a co-product with oil and protein meal has the potential to enable production of PHA bioplastics on an agricultural scale at costs in line with commodity vegetable oils to drive large-scale adoption in the plastics markets, whether Yield10 will be able to extract PHA bioplastic from the Camelina seed for product prototyping, sampling and other business development activities; whether Yield10producing PHA content in the range of 5 to 20 percent would be sufficient to address a range of applications; whether Yield10 will be able to make further improvements to increase yields of PHA per acre, to increase the PHA content of seed to about 20 percent to drive production costs as low as possible, and to develop a large-scale, cost-effective, and sustainable Camelina production platform for PHA bioplastic and other products; and whether Yield10’s drop-in fish oil replacement will be commercialized and will be able to build strong cash flow to support commercialization of Camelina PHA products, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including the risks and uncertainties detailed in
Managing Director, CORE IR
Source: Yield10 Bioscience, Inc.