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Agrotech, Sustainable Energy

Growth potential of Indian Wind Energy sector largely untapped

Suzlon Group, India’s largest renewable energy solutions provider has announced the completion of its debt restructuring with the unanimous approval of its secured lenders.

According to the terms of restructuring, term debt has been reduced substantially with interest of 9 percent per annum repayable over 10 years starting 1st July, 2020. Balance Debt of secured consortium lenders has been replaced by 0.01 percent Optionally Convertible Debenture (OCD) of the Company and 0.0001 percent Compulsorily Convertible Preference Shares (CCPS) of its subsidiary redeemable or convertible in 20 years.

Tulsi Tanti, Founder and CMD of the Suzlon Group expressed his gratitude to the consortium of lenders led by State Bank of India and the company for working together to protect the interests of all the stakeholders involved. J P Chalasani, Group CEO said capital infusion of Rs 392 crores by promoters, key shareholders and various stakeholders demonstrates their commitment and confidence in Suzlon.

He added that debt restructuring has resulted in a stronger balance sheet enabling the company to focus on capturing the tremendous growth potential in the Indian Wind Energy sector. Swapnil Jain, CFO, said the company has reduced its fixed cost steeply and has brought down the interest costs by more than 70 percent.

Growth potential of Indian Wind Energy sector

Acts & Schemes – Centre, Agro chems – Fertilizers

The project is expected to save on foreign exchange and also create jobs

The global lockdown due to the COVID-19 pandemic has brought to fore India’s over reliance on exports from other countries and especially from China after border tensions have heightened in the recent weeks. The government’s Make in India initiative has received a major boost with PM Modi’s call to make the country self reliant (Atma Nirbhar Bharat).

This agenda was central to the meeting Union Minister of Chemicals and Fertilizers Sadananda Gowda had with Nirlep Singh Rai, the CEO of Ramagundam Fertilizers and Chemicals limited (RFCL) to review the progress of construction works of the project.

The Minister was apprised of the near completion status of the project and he expressed hope that it will be ready for commercial production by October this year. RFCL will be a gas based urea producing unit of 12.7 Lakh MT per annum capacity at Ramagundam, Telangana. After commissioning, Ramagundam project along with other revival projects at Gorakhpur, Barauni, Sindri and Talcher will reduce the need for urea import by 63.5 LMT per annum. The RFCL project is thus expected to save on foreign exchange and also create jobs.

The Government of India had announced New Investment Policy (NIP), 2012 to facilitate fresh investment in the urea sector and to make India self-sufficient in the urea sector.

Five as yet shut down fertilizer plants, including Ramagundam Fertilizers and Chemicals Limited (RFCL), Talcher Fertilizers Limited (TFL), Hindustan Urvarak & Rasayan Limited (Gorakhpur, Barauni and Sindri), will be revived further bolstering the industry and helping
the farmers in these areas.

The project is expected to save on

Acquaculture, Acts & Schemes – Centre

It will inform and educate fish farmers about the latest developments in the fisheries and aquaculture sector. 

Union Minister for Fisheries, Animal Husbandry and Dairying, Giriraj Singh launched the first edition of the Fisheries and Aquaculture Newsletter “MATSYA SAMPADA” published by the Department of Fisheries, Ministry for Fisheries, Animal Husbandry and Dairying, Government of India. Operational Guidelines of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) were also released by the minister.

 Pratap Chandra Sarangi, Minister of State for Fisheries, Animal Husbandry and Dairying, Dr Rajeev Ranjan, Secretary, Department of Fisheries, Government of India and senior officers of the Department of Fisheries were present on this occasion.

The Newsletter “MATSYA SAMPADA” is an outcome of the endeavours of the Department of Fisheries to reach out to the stakeholders especially fishers and fish farmers through various means of communication, and to inform and educate them about the latest developments in the fisheries and aquaculture sector. It would be published on a quarterly basis starting from the first quarter of the year 2020-21.

Speaking on the occasion, Giriraj Singh, said, “The launch of this newsletter is timely and much needed to communicate the governmental initiatives in fisheries sector including the good works being done both by government as well as the private sector. The newsletter would serve as an important medium for disseminating information among the stakeholders especially fishers, fish farmers, youth and entrepreneurs across the country, assist them and facilitate in ease of doing business. He expressed confidence that the newsletter will prove to be a wonderful platform for communication.

He expressed optimism that the PMMSY with diverse interventions along the fisheries value chain would revolutionize the fisheries and aquaculture sector and steer it to the next level.  While appreciating the efforts of the Department of Fisheries in fast tacking and rolling out the Operational Guidelines of PMMSY in a short span of time, the Union Minister expressed hope that the Operational Guidelines would help the States/UTs in speedy implementation of the scheme.

About PMMSY

The Government of India in May, 2020 launched a new Flagship Scheme i.e. the Pradhan Mantri Matsya Sampada Yojana (PMMSY) for sustainable and responsible development of fisheries sector at an investment of Rs. 20050 crore. The PMMSY with an array of 100 diverse activities is by far the largest ever investment in fisheries sector. Achieving the ambitious targets under PMMSY of an additional 70 lakh tons fish production, rupees one lakh crores fisheries exports, generation of 55 lakh employment over next five years, etc. require multipronged strategies along with collaborative and concerted efforts between the government and the stakeholders. The Newsletter “MATSYA SAMPADA” is likely to serve as an effective tool and platform in disseminating the intent and initiatives of PMMSY for crystalizing public opinion in the collective effort towards reaching the envisaged goals. It would also enable to showcase the best practices in fisheries and aquaculture undertaken by the fishers, fish farmers and entrepreneurs including the latest developments and success stories.

It will inform and educate fish farmers

Agro chems – Pesticides, E-commerce, R&D

It will help AgBiome for harnessing the power of the plant microbiome to create new, efficacious products.  

 

 

 AgBiome announced a recent patent directed toward the Connate product line granted in the United States, further strengthening AgBiome’s IP Protection around novel product offerings. Connate products, currently in development, have the same biological component such as Howler fungicide with the addition of a synthetic chemistry. Connate products aim to meet the grower demands for effective products while reducing the amount of chemical residues on the plant. 

“Microbiomes hold the solutions to many problems facing agriculture and food production. AgBiome has addressed these issues by assembling an extensive, continuously growing microbial collection, data science infrastructure, and screening platform, GENESIS, from which we discover and develop our innovative crop protection biological products,” Eric Ward, co-founder of AgBiome says. “This most recent patent toward the Connate product line reinforces AgBiome’s focus on harnessing the power of the plant microbiome to create new, efficacious products.”

 AgBiome’s patent estate provides protection throughout the depth of the AgBiome crop protection R&D pipeline. As the pipeline identifies novel bacterial strains that possess fungicidal, insecticidal, and/or nematicidal activity, AgBiome continues to file patent applications to protect these valuable assets. To date, AgBiome has 264 pending U.S. and international patent applications, with 28 issued or granted US or foreign patents. 

Howler fungicide is an effective, EPA-approved biological fungicide and is the first commercial product to come out of the robust AgBiome crop protection pipeline.  AgBiome is enjoying significant success pursuing patent protection on its commercial offerings, with 12 granted U.S. patents and six international patents protecting Howler fungicide and/or the Connate product line and additional patent applications pending. 

GENESIS unlocks the potential of microbes in a systematic and targeted manner to identify the best candidates for advancement in our biological crop protection product pipelines. Key components of this platform include our robust laboratory screens, cutting-edge data science capabilities, and ever-expanding database of genomic sequences. Real-time integration of data throughout the platform provides immediate insight, allowing us to make data-driven decisions informed by genomic information and performance. With GENESIS, we are able to uncover novel biological activity and subsequently prioritize screening of related microbes within our collection, quickly pointing us to more potent product candidates. One U.S. patent has been issued that covers aspects of the GENESIS platform.

 

 

It will help AgBiome for harnessing the

Agro chems – Pesticides, North America, R&D

The herbicide controls invasive weed species on rangeland, CRP land and natural areas 

 

 

The Vegetation Management business within Bayer CropScience LP, announces that Rejuvra™ herbicide was approved by the U.S. Environmental Protection Agency (EPA). The herbicide is federally registered for controlling invasive weed species on rangeland, CRP land and natural areas, including grazed areas on these sites. 

Rejuvra is a pre-emergent herbicide and restoration tool that is showing consistent multi-year control of invasive annual grasses like cheatgrass-downy brome, medusahead and ventenata. With just one application, Rejuvra stops the need for yearly applications that only combat the symptom, not the problem of controlling the weed seed bank.

By controlling invasive annual grasses, remnant desirable perennial grasses and forbs can recolonize. Forage quantity and quality is improved and wildfire risk is reduced. Trial work across the western United States showed that areas treated with Rejuvra demonstrated a two-to-three-fold increase in perennial grass biomass, compared to untreated areas. A single pre-emergent application of Rejuvra provides consistent multi-year control of invasive annual grasses, reducing costs associated with time and labor. 

“We are excited that Rejuvra herbicide has received approval from the EPA,” said Bayer Head of Vegetation Management Marketing, North America, Tiffany Fremder. “We are thrilled to provide ranchers and rangeland managers with an economical solution for multi-year invasive annual grass control that results in weed seed bank depletion and increased perennial grass and forb forage production.”

 

 

The herbicide controls invasive weed species

E-commerce, Machinery – Post-harvesting

The latest in a series of shipments consists of agricultural machinery from Case IH and New Holland to support Uzbekistan’s agricultural sector 

 

 

CNH Industrial’s global agriculture and construction equipment brands Case IH, CASE Construction Equipment and New Holland Agriculture are in the process of executing an important delivery during these exceptional times. 

From the start of the COVID-19 pandemic, CNH Industrial and its brands have found innovative solutions to overcome unprecedented challenges in order to deliver mission critical equipment the world over. The latest in a series of shipments consists of agricultural machinery from Case IH and New Holland and construction equipment from CASE Construction Equipment to support Uzbekistan’s agricultural sector, specifically cotton, the country’s principal cash crop, with delivery to one of its largest producers. The Company has been working with the nation’s key cotton harvesting players since 2018. 

Together, CNH Industrial’s brands offer global leadership in cotton harvesting with a full-line mechanized product portfolio to serve this sector in every stage from ploughing to planting, cultivating to harvesting and residue management. The order includes the following units: 120 Case IH Puma tractors made in Saint Valentin, Austria; 23 Case IH Axial-Flow 4088 combine harvesters with header attachments and 40 New Holland BC5070 balers, all produced in Harbin, China; 46 Case IH Cotton Express cotton pickers manufactured in Benson, USA; 120 plows from New Holland produced in Överum, Sweden; 10 backhoe loaders from the CASE brand, manufactured in Lecce, Italy; and CASE-branded pneumatic hammers. Financing for this order is provided by CNH Industrial Capital, the Company’s global financial services business supporting customers and dealers. 

Given the international scope of the order and the context of the delivery in the midst of a global pandemic, the Company is working with a number of partners to realize transportation based on co-modality, incorporating a mix of transport modes for the most optimal and sustainable approach to getting the equipment to its final destination. All of this ensures timely delivery to the end customer to enable them to make full use of the equipment for the cotton harvesting season, and in some cases for the successive grain harvest. 

Throughout the pandemic, CNH Industrial has continued to support its global dealer network and to maintain aftermarket services. Today, the majority of CNH Industrial’s 67 global plants have reopened.

The latest in a series of shipments

Agro Universities, R&D

Decoding the genome sequences of jute retting microbes is the key

Although India is the largest producer of raw jute and jute goods, the quality of the fibres in the international market was deemed not upto the mark. The latest breakthrough by the Indian COuncil of Agricultural Research, ICAR and Central Research Institute for Jute and Allied Fibres, CRIJAF, Barrackpore will help improve fibre quality by adopting jute retting with free flowing water, in situ retting tank based farming with a microbial consortium ‘CRIJAF SONA’.

The scientists of ICAR – CRIJAF have decoded the genome sequences of jute retting microbes by high throughput genome sequencing. The in-depth genomic analysis significantly revealed three different species of Bacillus constitute the consortium strains. The genome sizes of these strains are ~3.8 Mb with 3729 to 4002 protein-coding genes.

The sequence data has been submitted to the National Centre for Biotechnology Information (NCBI) database of NIH, USA. Genome sequencing also confirms that retting bacteria degrades pectin, hemicellulose and other non-cellulosic materials, non-harmful for fibre. The bacterial strains are non-toxic and thus the retting water with microbial strains can safely be used for irrigation.

Decoding the genome sequences of jute retting

Agrotech, R&D

Another ‘Make in India’ initiative bears fruit

The Ministry of Agriculture had, in May 2020, enlisted the services of UK-based company, Micron to repurpose two MI-17 helicopters for spraying atomized pesticide in case of a locust attack. But when the COVID-19 pandemic started affecting worldwide, Micron informed the Ministry of the inevitable delay in the manufacturing and supply of the helicopter modification kit to the Indian Air Force (IAF).

When the locust attack materialized from the last week of May, IAF entrusted No. 3 Base Repair Depot in Chandigarh to indigenously design and develop an Airborne Locust Control System (ALCS) for MI-17 helicopters.

The system has been successfully designed using local components. An auxiliary tank of 800 litres capacity fitted inside the helicopter can be filled with the pesticide Malathion in appropriate concentration. The pesticide can then be sprayed through the nozzles mounted on the sides of the helicopter by using an electrical pump as well as compressed air.

Around 800 litres of the pesticide can be sprayed in about 40 minutes covering approximately 750 hectares in the locust infected area. The ground and airborne trials of ALCS on a modified MI-17 helicopter have been successfully conducted by a team of Test Pilots and Test Engineers.

Another ‘Make in India’ initiative bears fruitThe

Agro chems – Pesticides, E-commerce, R&D

FMC will use Cyclica’s proprietary AI platforms, to optimize the discovery of novel compounds 

FMC Corporation has entered into a collaboration with Cyclica Inc to accelerate and improve the efficiency of discovering new crop protection chemistry. This is among the first of several new technology collaborations and approaches that FMC is pursuing to expand its research of novel active ingredients that protect crops from diseases and destructive pests. 

“Today we have an award-winning pipeline of more than 25 promising new molecules,” says Kathleen Shelton, vice president and chief technology officer of FMC. “Discovering a new molecule with the right efficacy, mode of action and sustainability profile is a complex, multi-year process requiring hundreds of researchers testing tens of thousands of compounds annually. Augmenting our traditional research and screening processes with the power of artificial intelligence will help us identify and assess more molecules faster and with greater precision.” 

FMC will use Ligand Design and Ligand Express, Cyclica’s proprietary AI platforms, to optimize the discovery of novel compounds at a pace that far exceeds typical chemistry discovery research programs. Powered by MatchMaker, a deep learning proteome screening technology, and POEM, a machine learning technology for predicting molecular properties, Ligand Design and Ligand Express will assess millions of chemical structures, providing FMC researchers with a greater volume of high-quality molecule predictions that are specific to the pesticidal target of interest. A similar AI-augmented approach to discovery research has been used successfully for years in industries that require extensive data analysis, significant investments and lengthy development timelines, such as pharmaceuticals and healthcare. 

“We are excited to partner with FMC scientists in their quest to innovate novel molecules that control pests and diseases in agriculture,” says Naheed Kurji, cofounder, president and CEO of Cyclica. “Ligand Design and Ligand Express have been instrumental in the design and screening of new medicines, and we look forward to applying those learnings in support of FMC’s global discovery research programs.” Terms of the collaboration with Cyclica are not disclosed.

FMC will use Cyclica’s proprietary AI platforms,

E-commerce, Seeds, Trade

Corteva will become the sole owner of the intellectual property, including patents, trademarks, proprietary germplasm and information

 Corteva, Inc. announced that the company has signed an agreement with J.G. Boswell Company to purchase its ownership interest in PhytoGen Seed Company, LLC – a joint venture between the two companies. 

PhytoGen Seed Company, LLC was formed to focus on the U.S. cotton seed industry. With a 53.5% stake prior to the agreement, Corteva has operated this joint venture in the U.S. market through its wholly owned subsidiary, Mycogen LLC. 

“This acquisition provides a solid proof point of our consistent commitment to driving long-term growth through targeted investments in solid margin opportunities that at the same time strengthen our ability to serve our customers,” says James C. Collins, Jr., Corteva Agriscience Chief Executive Officer. 

“With this action, we intend to build on the strong foundation we established with J.G. Boswell Company over the last two decades – continuing to serve cotton customers with our growing global portfolio of leading cottonseed products,” says Steve Reno, Corteva Agriscience Seed Business Platform President. “This step further strengthens Corteva Agriscience’s commitment to the cotton market – and positions the Company well to diversify and grow this business globally over time.” 

Corteva has a high-yielding, elite germplasm portfolio, with breeding infrastructure and technologies expected to continue to advance genetic gain – together with industry-leading trait technologies to address existing and emerging pest management challenges for cotton growers. PhytoGen Breeding Traits protect yield and fiber quality, all season long, with in-plant protection against challenging cotton diseases and nematode pests. Further, PhytoGen brand varieties with the Enlist cotton trait provide more options for unrivalled productivity against tough to control and resistant weeds – and the trusted durability of PhytoGen brand varieties with WideStrike and WideStrike 3 Insect Protection helps cotton farmers protect their crops from potential yield-robbing pests. 

With a 100% ownership position in PhytoGen Seed Company, LLC, Corteva will become the sole owner of the intellectual property, including patents, trademarks, proprietary germplasm and information, as well as know-how. Financial terms of the agreement were not disclosed.

Corteva will become the sole owner of

Agrotech

Agri finance and technology veterans join forces with Pioneering Ventures to co-create a farmer-centric agri finance and value chain services platform

Samaaru, a portfolio company of Indo-Swiss agriculture platform Pioneering Ventures, aims to transform agri financial and value chain services with a technology-led open ecosystem model.

Together with leaders from agri finance and technology industries, Pioneering Ventures has launched Samaaru, an innovative tech-enabled service provider that empowers small-scale farmers and rural entrepreneurs with farm advisory, supply chain services, market access and affordable finance (via lending institutions).

 The Indo-Swiss agricultural platform Pioneering Ventures is delighted to announce the launch of Samaaru, a farmer-centric agri finance and value chain services platform co-created with accomplished agri finance and technology industry leaders. The company recently started operations in West and South India, providing a closely integrated range of services across the food value chain.

 Michael Andrade, Co-founder, MD and CEO of Samaaru, said: “We are on a mission to make farmers prosperous and successful, thereby making farming a desirable occupation. With a combination of hi-tech and hi-touch, Samaaru offers farm advisory, warehousing and market access to small-holder farmers and our value chain partners together with affordable finance via our partners. We are setting up a tech-enabled open ecosystem business model and warmly welcome agri entrepreneurs, food companies, financial, technology and impact partners with a commitment to rural India to join us.”

Michael elaborated: “Sandeep Raju and I are delighted to launch Samaaru’s operations together with our highly accomplished leadership team, which brings together deep experience and capabilities in technology, finance and agribusiness. We are particularly proud to have Deepak Goswami, Dinesh Poduval and Rochan S join us as C-level co-founders in this journey.”

Sandeep Raju, Co-founder and Director, further emphasized: “Michael’s pioneering work in this sector has been truly inspirational for all of us to come together to prepare Samaaru’s launch over the last year. During this time, we have set up a technology foundation and roadmap to enable financial, farm and value chain innovation at scale. Our investments in building a farm-to-offtaker Samaaru Stack for dairy, crops and finance are de-risked by deep sectoral expertise and a robust demand book.”

 Ron Pal, Founder and Chairman at Pioneering Ventures, underlined the transformative potential of the venture, “Samaaru uniquely addresses one of the largest under-served rural markets in the world. The unfulfilled needs of over a hundred million small-holder farmer families offer a tremendous market and impact opportunity that can be addressed efficiently at scale. With Francisco Fernandez, Co-founder at Pioneering Ventures, we have one of the world’s most visionary and experienced fintech entrepreneurs in this field on board. Especially in the context of recent policy reforms, we look forward to moving the needle on this sector, delivering affordable finance and sustainable incomes for the farming community.”

Agri finance and technology veterans join forces

Agrotech, R&D, Seeds

Focus on improving climate resilience and increasing yield stability

A 10-year commitment was announced by Corteva Agriscience to advance its sustainability in the global food system by including a wide range of initiatives for farmers, the land, communities and a community where employees and customers live and work closely.

Improvements in soil health, on-farm productivity, climate action, water stewardship, biodiversity, supply chain transparency and worker safety, among others where other goals included.

With the mission to lead the entire agriculture industry toward better and more sustainable outcomes, Corteva’s 10-year commitments will provide tools and training to help increase yield stability, optimize inputs, and improve climate resilience, said Corteva Agriscience Chief Executive Officer James C. Collins, JrCorteva will report progress toward these goals through an annual sustainability report starting in 2021.

The company announced a total of 14 specific and measurable goals to be achieved by 2030 and which addressed four categories: Goals to benefit farmers, land, communities and operation. Some of the key goals mentioned were to help a total of 500 million smallholder farmers cumulatively, improve soil health on 30 million hectares of global agricultural land, ensure every new product meets the sustainability criteria and only use recyclable or reusable packaging by 2030.

Focus on improving climate resilience and increasing

Agro chems – Pesticides, E-commerce, Japan

Metamifop is rice herbicide that controls resistant grass weeds. 

 

 New Premix formulation “TODOMEBAS MF” liquid containing Farmhannong’s Metamifop launched in Japan.  The third-generation product, “TODOMEBAS MF” liquid, made by Farmhannong’s original molecule Metamifop, was launched in Japan by Farmhannong’s partner, Kaken Pharmaceutical Co., Ltd. 

TODOME MF, which was first launched in 2018, has a formulation containing an emulsion and granule of Metamifop single products. Last year, the company also introduced the premix product, “SHIAGE MF” granule, which broadened its herbicidal spectrum.

Metamifop is rice herbicide that offers excellent safety and shows good weed control efficacy, not only on resistant grass weeds but also against hard to control weeds.

The newly released “TODOMEBAS MF” is a more effective control product due to the addition of bentazone, which has excellent broadleaf weed control efficacy. It also offers excellent performance on grass weed over the five leaf stages that are very difficult to control, as well as broadleaf. Because of its excellent safety, it shows no phytotoxic symptoms on rice, even after using for 15 days from transplanting. 

Tsukasa Fujimaki, General Manager of Kaken, said, “TODOMEBAS MF, a new premix formulation, was launched in the rice herbicide market during our third year anniversary after the first registrations of Metamifop products were completed in collaboration with Farmhannong. We are excited and confident that this series of Metamifop products will provide helpful solutions and benefits to farmers seeking exceptional control of grass and broadleaf weeds.”

Metamifop has had a good reputation in the Asian market since it was first released in South Korea in 2009, as well as in China, Japan and Thailand. Moreover, since last year, exports to India and Pakistan have expanded and sales volume has more than tripled compared to 2018. Metamifop is currently exported to 15 countries, including China, Japan, Thailand, India, Pakistan, Vietnam, the Philippines and Ecuador, and will be registered in Kazakhstan next year.

 

Jeff Kwon, Vice President of Farmhannong, said, “Our export volume to Japan is steadily increasing, due to the good feedback we obtained related to Metamifop, which is a new herbicide with excellent control of various weeds and is safe to use on rice.”

Farmhannong, whose CEO is Lee Yoo-Jin, is the only South Korean company equipped with the technology and production facilities to develop new crop protection molecules, and has launched five new molecules, including Metamifop.

 

 

Metamifop is rice herbicide that controls resistant

E-commerce, Inputs, R&D

The labs are state of the art and have been equipped with the latest technology used in soil testing. 

The state-owned producer of chemical fertilisers, organic fertilisers and industrial chemicals, the National Fertilisers Limited have launched five mobile Soil Testing Soil Labs that will provide door to door soil testing for the farmers. The facility will be provided free of cost to the farmers.

The service was launched by Virendra Nath Datt, Chairman and Managing Director of the company, he was appointed on 4th June replacing Manoj Mishra. The directors and senior officials were also present. The lab was launched from the premise of the NFL Corporate office in Noida.

According to the NFL, these labs are state of the art and have been equipped with the latest technology used in soil testing. The equipment tests soil for micro and macronutrients and will analyse it.

The labs will not only test the soil but will also provide information to the farmers through and Audio Visual system installed in the lab. The videos will educate farmers on different agricultural topics. 

Apart from these, the NFL has also six different soil testing labs in different parts of the country. These labs have tested 25000 samples in 2019-20. The NFL is a Mini Ratna company of the Indian Government.

Apart from soil testing the company has five gas based Ammonia Urea based plants in the country and has also four Research and Development centres in Nangal, Panipat, Bhatinda, Vijaipur and it is also the manufacturer of the famous KISAN brand of fertilisers and a seed program under which it sells Kisan Beej.

The labs are state of the art