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Sunday / December 22. 2024

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R&D

The acquisition adds biologically produced state-of-the-art pheromone insect control technology to FMC’s product portfolio and R&D pipeline

FMC Corporation, an agricultural sciences company, has announced a definitive agreement to acquire BioPhero ApS, a Denmark-based pheromone research and production company. The acquisition adds biologically produced state-of-the-art pheromone insect control technology to FMC’s product portfolio and R&D pipeline, underscoring FMC’s role as a leader in delivering innovative and sustainable crop protection solutions.

BioPhero has pioneered a highly efficient yeast fermentation process for manufacturing pheromones at significantly lower costs and with fewer production steps compared to competitors’ traditional chemical synthesis methods. Lower costs expand the pheromone addressable market from today’s focus on specialty fruit and vegetables to now include the large row crop market. FMC expects pheromones and pheromone-based products to contribute approximately $1 billion in revenue at above company-average EBITDA margin by 2030.

Mark Douglas, FMC president and chief executive officer, said, “BioPhero is a pioneer in the production of pheromones through a unique, highly efficient bio processing method—a game-changer in pheromone manufacturing technology. FMC’s broad market access, leadership position in the high-value insecticide market, formulation know-how and application expertise provide significant opportunities to bring sustainably advantaged pheromone technology to more agricultural markets around the world. We look forward to adding an extensive pheromone platform to our biologicals business and welcoming the BioPhero team to FMC.”

Pheromones can be used in an integrated pest management program to control the buildup of insect populations in farmers’ fields by disrupting the insect mating process, reducing overall egg-laying by adults and decreasing the next generation of the target insect population.

The acquisition adds biologically produced state-of-the-art pheromone

Company News

Biologicals by FMC demonstrates FMC’s commitment to providing farmers with science-backed biological solutions to help sustainably manage crops, protect yields and combat resistance

FMC Corporation, a leading global agricultural sciences company, has launched a new brand identity for its Plant Health business to reflect the company’s continuing growth and expansion of its biological’s platform. Agricultural biologicals represent a diverse group of crop protection and stimulant products derived from living organisms and naturally occurring compounds. Biologicals by FMC demonstrates FMC’s commitment to providing farmers with science-backed biological solutions to help sustainably manage crops, protect yields and combat resistance.

“FMC is investing substantially in the biological segment and is committed to providing growers with products offering unique modes of action as either stand-alone solutions or complementary to FMC’s portfolio of crop protection chemistries,” said Dr Bénédicte Flambard, global director of FMC Plant Health. “We are rapidly expanding our existing offerings into additional geographies by launching four new biopesticides around the world in the next four years. As part of this initiative, we are excited to share that we are introducing Zironar biofungicide/bionematicide in the US and Provilar biofungicide in Brazil this year.” 

Biologicals by FMC demonstrates FMC's commitment to providing