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July 28, 2014
07:18 EDTCERECeres to expand sorghum and sugarcane development in Brazil
Ceres will enhance its product development programs in Brazil and expand its development activities in biotech traits for sorghum and sugarcane over the next four years. The programs will now be funded in part under the Brazilian government's PAISS Agricola initiative, which promotes agricultural innovations in sugarcane as well as other energy crops. Under the PAISS program, Ceres is eligible for a multi-year credit facility of up to approximately $34M, at a government-subsidized, preferential interest rate. The company was also awarded approximately $4.5M, in the form of non-repayable grants to be drawn over four years. Ceres expects to complete the application and grant award process by the end of the calendar year.
News For CERE From The Last 14 Days
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March 26, 2015
07:46 EDTCERECeres accelerates sugarcane trail development following positive field results
Ceres announced that its biotech sugarcane traits have been advanced to the next stage of testing ahead of schedule due to positive data from initial field evaluations under tropical conditions in Latin America. Leading product candidates are currently being multiplied for wider-scale field evaluations which are scheduled to begin in May and June 2015. Ceres reported that its yield traits accelerated growth and increased biomass in elite tropical sugarcane varieties. In addition, plants with one of the company's drought tolerance traits maintained biomass yields under low water conditions, and in certain cases, maintained yields with as little as half the water normally required during production. Field evaluations represent a critical stage in the development of biotech crop traits, as they provide greater insight into how traits may perform in an agricultural setting.
March 16, 2015
07:45 EDTCERECeres and Raizen sign multi-year collaboration to produce sweet sorghum
Ceres announced that they have signed a multi-year collaboration agreement 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 revenue 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.

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