Gevo & Land O'Lakes Purina Feed sign accord to pursue advanced animal feed
Gevo and Land O'Lakes Purina Feed have signed a Joint Development Agreement that follows an off-take and marketing agreement entered into in January 2012. The agreement contemplates the companies' research and development efforts to upgrade isobutanol distiller grains (iDGs(TM)) for special value-added applications in animal feed markets.
ia a renewable chemicals and next generation biofuels company andLand O'Lakes Purina Feed LLC
, a wholly-owned subsidiary of Land O'Lakes, Inc., a national, farmer-owned and agricultural cooperative.
Gevo also announced that it has acquired a patent portfolio developed by AmbroZea, Inc., including US Patent No. 7,309,602 entitled, "Compositions and Methods for Producing Fermentation Products and Residuals." The acquired technology covers compositions and methods designed to increase the value of animal feed. Working in conjunction with Land O' Lakes Purina Feed, Gevo believes this technology could further enhance the value of its iDGs(TM) in the animal feed market.
Land O'Lakes Purina Feed has a history with AmbroZea having committed meaningful resources to AmbroZea's R&D efforts to improve the nutritional value of ethanol distiller grains in ethanol plants several years ago. Gevo's recent purchase augments its ongoing initiatives to use bio-engineered yeast to produce enhanced iDGs(TM) including high-value amino acids and other nutrients. This technology compliments Gevo's existing intellectual property portfolio of more than 300 patents and applications.
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