Thursday, January 9, 2025

Bayer buys Canadian camelina company

Bayer today announced a deal with Canada-based Smart Earth Camelina Corp. to acquire its camelina germplasm, intellectual property, and materials to expand its global leadership position in biomass-based feedstock markets. 

Camelina is an intermediate oilseed crop that can produce for the diesel and aircraft fuel markets. It is a short-season drought-tolerant plant.


“We are committed to supporting farmers’ ability to deliver on growing demand for low-carbon biomass-based feedstocks, through investments and development of new intermediate oilseed crops like camelina and advancing sustainable cropping systems,” said Frank Terhorst, head of strategy and sustainability at Bayer’s Crop Science Division. 


“Bayer is going to continue to lead the way with alternative biomass-based feedstocks and regenerative agricultural solutions,” he said.


“We are excited about the acquisition of camelina germplasm from Smart Earth Camelina Corp. which enables us to offer farmers a profitable low-carbon intermediate crop option,” said Jennifer Ozimkiewicz, head of crop strategy, soy and biofuels at Bayer’s Crop Science Division. 


She said offers growers an alternative low-input crop for marginal land or to be grown in-between crops.


“Smart Earth Camelina Corp. has been at the forefront of camelina development for over 20 years, and camelina is now poised to join the ranks of the other major oilseed crops,” said Jack Grushcow, president and chief executive officer at Smart Earth Carmelina Corp.. 


“We believe Bayer is the ideal party to scale camelina production to a level that drives meaningful advancements in sustainable agriculture and significantly reduces global CO2  emissions.”