SABIC, a global leader in diversified chemicals with a focus on agri-nutrients, has signed a technology collaboration agreement with Intrinsyx Bio, a California based company focused on the development and commercialization of endophytes (plant microbes) that can increase crop yields and optimize fertilizer usage.
As part of this collaboration, SABIC will be evaluating Intrinsyx Bio’s patented endophyte products’ technology and their ability to fix nitrogen from the air and improve crop yield and farmers’ investment.
“SABIC Agri Nutrients Company focuses on responsive sustainable innovations to provide food and fiber to the world. This collaboration with Intrinsyx Bio would lead to the next generation bio-enhanced fertilizers,” said Munif Al Munif, General Manager T&I of SABIC Agri Nutrients Company.
“We are excited to partner with SABIC to commercialize this technology and meet their sustainability goals. Our solutions enable companies like SABIC to optimize nitrogen use on a global scale,” said Ahsan Ali, CEO of Intrinsyx Bio.
Intrinsyx Bio’s solutions are built on three decades of academic research in the plant microbiome and field trialing across the US and Europe. Its endophyte products rely on improved nutrient use efficiency to simultaneously increase crop yields and optimize the use of nitrogen fertilizers.
Studies show that conventional nitrogen management is only 30-50% efficient in terms of what the plant utilizes. The rest is lost to the environment through volatilization and leaching.
About Intrinsyx Bio
Intrinsyx Bio enables sustainable agriculture through the development and commercialization of naturally occurring endophytes (plant microbes). By commercializing three decades of academic research in the plant microbiome, Intrinsyx Bio enables farmers to increase crop yields using natural biological fertilizers that improve nutrient use efficiency. The company, founded in 2016, is headquartered in Mountain View, CA. For more information, visit intrinsyxbio.com.
About Saudi Basic Industries Corporation (SABIC)
SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. It manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.
SABIC supports its customers by identifying and developing opportunities in key end-use applications such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy. Production in 2020 was 60.8 million metric tons.
The company has more than 32,000 employees worldwide and operates in around 50 countries. Fostering innovation and a spirit of ingenuity, SABIC has 9,946 global patent filings, and has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia. For more information, visit https://www.sabic.com/en