Feb 23, 2022Valent Biosciences creating new biostimulant organization
Valent BioSciences diving into the biostimulant market.
The company is establishing a new operating unit designed to expand its biostimulant line with new internally and externally developed products for the U.S. and global markets.
The new organization will be created and fully staffed over the next few months, enabling it to become functional ahead of the 2023 crop season in the U.S. market.
Sumitomo Chemical, Valent’s parent company, has announced a commitment to achieve carbon neutrality by 2050, aiming to reduce the amount of greenhouse gases emitted by its production activities and business activities toward zero. Another area of focus to achieve carbon neutrality is the development of products and technologies across Sumitomo Chemical that can help advance the goal of carbon neutrality for society as a whole.
The new biostimulant unit will work with partners in discovering, developing, and commercializing arbuscular mycorrhizal fungi (AMF) products.
AMF technology forms a symbiotic relationship with approximately 90% of terrestrial plant species (including crops and forest trees) that provides many benefits, including the sequestration of carbon and improved soil health. As a result of this process, mycorrhizal fungi act as a direct air capture technology, which is trademarked as EcoDac by Sumitomo Chemical.
Valent BioSciences is a subsidiary of Tokyo-based Sumitomo Chemical Co., Ltd. Valent is headquartered in Libertyville, Illinois.