Green technology company Agrinos has expanded its existing commercial partnership with Syngenta, enabling Syngenta to bring Agrinos products to market either in combination with existing Syngenta technologies or on a stand-alone basis starting in the first quarter of 2013.
Syngenta, through its subsidiary Syngenta Ventures Pte. Ltd., will also invest US$10 million in Agrinos to be used for working capital related to increased market penetration and for general corporate purposes. Agrinos and Syngenta will initiate discussions on how to utilize Agrinos technology either in combination with existing Syngenta technologies or on a standalone basis in formulated crop protection offerings. This will be a significant first step for Agrinos in moving into the crop protection market from a biological platform, according to the company.