Woodstock, Ontario, Canada
September 11, 2007
Ontario corn growers now have a
new opportunity for their corn under a program launched today by
GreenField Ethanol and Monsanto
Canada (NYSE:MON).
The Gro-ethanol program, unveiled today at Canada's Outdoor Farm
Show, invites Ontario's farmers to grow corn seed containing
Monsanto traits, specifically for the ethanol market. The corn
hybrids eligible for the program include Monsanto traits that
produce higher yielding corn - perfect to meet the demand for
corn in ethanol production.
"GreenField Ethanol is committed to remaining a world-class
company and continually improving our processes and products,"
said GreenField President and CEO Robert Gallant. "We are
pleased to work hand-in-hand with Ontario farmers to produce
ethanol even more efficiently using these higher-yielding
varieties of corn offered through the Gro-ethanol program."
Monsanto: Launch of "Gro-Ethanol Program" Offers Ontario Farmers
New Market for Corn In ethanol production, the starch from each
kernel of corn is extracted to make ethanol. Protein, fibre and
other nutrients are converted into distillers' grains for
livestock and feed markets.
Growers can purchase their Gro-ethanol corn seed from one of
several participating seed companies and earn a variety of
rewards including Snap-on(R) tools, discounts on Roundup
WeatherMAX(R), annual meetings with representatives from
Monsanto and GreenField Ethanol, and even a trip to the 2009
Commodity Classic in Dallas, Texas.
"By partnering with Greenfield Ethanol, we are providing growers
with an opportunity to benefit from the growth in the ethanol
market," said Dan Wright, Trait Marketing Manager with Monsanto
Canada. "Traits such as YieldGard VT Triple(TM) are delivering
more yield to growers and that is critically important to their
bottom line. We are also very pleased that our trait and seed
products offer a solution to meet the world's increasing demand
for food, feed, fibre and fuel."
In Canada, ethanol-blended fuel will soon be part of every fill
up, since recent federal policy will require five per cent
average renewable fuel content in Canadian gasoline by 2010.
Provinces have enacted laws for ethanol use, including Ontario
where it became law Jan. 1, 2007 that all gasoline must contain
five percent renewable fuel.
The Gro-ethanol program is only open to Ontario farmers. Growers
may enroll by calling Monsanto's CustomCare® line at
1-800-667-4944.
GreenField Ethanol
is Canada's leading ethanol producer. The company produces 250
million litres a year of corn-based fuel ethanol at its plants
in Chatham and Tiverton, Ontario and Varennes, Quebec. Two more
plants are under construction in Hensall and Johnstown, Ontario
and will be operational in 2008. With five operating plants
GreenField Ethanol will be one of the top producers in North
America. GreenField's ethanol is available at more than 1,500
gas stations across Canada.
Monsanto is a leading global provider of technology-based
solutions and agricultural products that improve farm
productivity and food quality.
Roundup Ready crops contain genes that confer tolerance to
glyphosate, the active ingredient in Roundup(R) agricultural
herbicides. Roundup agricultural herbicides will kill crops that
are not tolerant to glyphosate. Monsanto and the Vine Design,
Roundup, Roundup WeatherMAX, YieldGard VT Triple, gro-ethanol
design and CustomCare are trademarks of Monsanto Technology LLC.
Monsanto Canada Inc., licensee. |
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