The collaboration will be executed under a four-year joint development agreement to develop technology platforms that reduce capital and operating costs of commercial cellulosic ethanol production facilities.
The two partners will jointly develop and test Agrivida’s corn stover feedstock and feedstock processing technology to be integrated with POET’s existing commercial cellulosic technology.
POET senior vice president and chief technology officer Dr. Wade Robey said that the company is focused on new technologies to reduce cost while improving value of cellulosic ethanol production.
"If successful, Agrivida’s novel approach to increase the functionality and value delivery of corn stover will work well with other technologies being developed by POET," said Robey.
Agrivida CEO Mark Wong added that the collaboration will help the company in transitioning its technology from the research and development phase and into commercial production.
"POET has one of the most advanced commercial cellulosic programs in the world with strong research, development and commercial deployment capabilities," added Wong
