Evogene Subsidiary Casterra Ag: Castor Seeds Benefiting From Changes In EU Laws

Feb. 21, 2023 11:06 PM ETEvogene Ltd. (EVGN)BAYRY, CTVA, E, ICL15 Comments
Steven Goldman profile picture
Steven Goldman


  • Evogene's subsidiary Casterra has developed proprietary genomically modified, high-yield & high oil-content Castor seed varieties.
  • In September 2022 the EU banned palm oil and soybean as a biofuel or biodiesel feedstock beginning 2023 through to 2030. Castor oil is a replacement.
  • Oil and gas companies in Europe have begun using castor oil to make up 5% to 10% of diesel (replacing palm and soyabean oil) or biofuel, noting castor oil's "green" benefits.
  • Casterra's Castor seed varieties may be (by far) best in class, having been developed leveraging Evogene's plant genomic capabilities, utilizing Evogene's GeneRator AI tech engine.
  • The potential market for Casterra's Castor seeds may be very significant by 2030 for growing castor oil plants used in the production of biofuels in Europe.

Ricinus communis, or Castor oil plant

Ricinus communis, or Castor oil plant

picture Umar/iStock via Getty Images

Casterra's logo

Casterra logo (Casterra's website www.casterra.co)

On January 19, 2023, Evogene Ltd's (NASDAQ:EVGN) wholly-owned subsidiary Casterra Ag. Ltd. announced that it had entered into an agreement with

Casterra's EVF712 Castor Bean Seed

Casterra's EVF712 Castor Bean Seed (Casterra)

Casterra's EVF716 Castor Bean seed specifications

Casterra's EVF716 Castor Bean seed specifications (Casterra)

Casterra's EVF701 Castor bean Product Fact Sheet

Casterra's EVF701 Castor bean Product Fact Sheet (Casterra)

Data by YCharts
Data by YCharts

This article was written by

Steven Goldman profile picture
Steven H. Goldman, biotech enthusiast. Steven is a commercial litigation lawyer, retired from active practice in January 2021, and was a founding member of the Toronto law firm of Goldman Hine LLP. He graduated with a B.A., President's Medal recipient (1976, Carleton University, Ottawa, Ontario) and J.D. (1980, Queen's University, Kingston, Ontario). He is also the President and CEO of Comstock Metals Ltd. (TSX.V: CSL.V) a mining exploration company with a gold deposit in Saskatchewan, Canada. Steven is a member of the board of directors and audit committee of Select Sands Corp. (TSX.Venture: SNS.V and OTCQX: SLSDF). He is an advisor to E3 Lithium Limited (TSX. Venture: ETL.V) (OTC: EEMMF), an emerging lithium developer and lithium extraction technology innovator based in Alberta, Canada. He is currently a member of the Law Society of Upper Canada, an Executive member of the Ontario Bar Association, Franchise Law Section as well as a member of the American Bar Association, Franchise Forum (Associate Member). Steven was President & CEO of Speedy AutoService and Minute Muffler from December 2007 to December 31, 2009 (with approximately 160 locations across Canada). He was also a former director of Tribute Pharmaceuticals for approximately 10 years where he served on the audit committee as well as the M&A committee.

Disclosure: I/we have a beneficial long position in the shares of EVGN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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