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May 31, 2015 6:36 PM ET

Archived: TerViva: Developing a new class of agriculture crops that can be grown on sub-prime agriculture land

iCrowdNewswire - May 31, 2015




TerViva develops new crops for under productive agriculture land. Environmental hazards such as climate change, land degradation, and water scarcity could soon eliminate as much as $8 trillion in agriculture assets annually, according to the University of Oxford. To combat this problem, TerViva is developing a new class of agriculture crops that can be grown on sub-prime agriculture land with far fewer inputs (e.g., water, fertilizers) than crops such as corn and soybeans.


Project Highlights

    • Addressing $121B biofuels market Featured on CNN Money
    • $4M in previous funding
    • $225k in annual revenue from pilot plots
    • Customers include US Sugar Corp and Mosaic
    • TerViva’s Pongamia has oil yield 8x of soybeans
    • Pongamia grows on under productive land, does not compete for food

Selected Partners

terviva - Selected Partners

Why Pongamia?

terviva - Why Pongamia?

Two factors make pongamia extremely compelling as a commercial crop:

1. “Drop-in” to existing infrastructure: landowners can use existing equipment, labor, and skills for cultivation and harvesting. In addition, pongamia is processed with conventional crushing equipment used for other oilseeds like soybeans.

2. Disruptive economics: pongamia produces almost 10 times the yield per acre as soybeans, with far smaller water, fertilizer, and pesticide requirements. This translates to an excellent economic diversification opportunity for landowners, who are facing the degradation of their agriculture land.

Gallons Per Acre

terviva - Gallons Per Acre


Business Model

We use a licensing business model with growers:

    • For pilots (<50 acres), we charge upfront fees on a per-acre basis.
    • At a commercial scale, we charge an upfront fee with a 10 percent royalty on the ultimate sale of the oil to downstream users.
    • Growers receive $1,000 per acre of net income at steady state harvesting, which translates to a 25 percent plus IRR.
    • We already have 100 acres in pilots, and will have 2,500 acres at commercial scale by 2015.
terviva - Business Model
Contact Information:

Anne Slaughter Andrew
Joe Andrew
Naveen Sikka
Maggie Kavalaris
Sudhir Rani
Tom Schenk
Dr Dave Harry
Matt Willis
Dr. Claire Kinlaw
Dr. William Kusch
Kieth Kutac

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