Performance Plants raises $13 million

Guest Contributor
July 28, 2008

Kingston ON-based Performance Plants Inc (PPI) has raised $13 million in private equity to further develop its crop seed traits, accelerate commercialization of its food crop traits and develop its recent foray into biofuels. The equity financing was led by Toronto's Ceres Global Ag Corp and includes Eastwood Capital Corp, Toronto, Endurseaux, Montreal, and a Boston-based investment syndicate that includes Saturn Asset Management. PPI's technologies are based on its proprietary yield protection technology which enables plants to better withstand drought conditions and respond faster to watering. PPI recently expanded beyond its R&D labs in Kingston and Saskatoon with the purchase of a biotechnology facility in Waterloo NY that will become the focus of its biofuels research activities. It has already forged an agreement with Lafarge Canada Inc to produce clean energy biomass for use as fuel at its cement plant in Bath ON. Biomass fuels will target liquid transportation fuels, coal replacement and biochemicals….

Other News

Events For Leaders in
Science, Tech, Innovation, and Policy

Discuss and learn from those in the know at our virtual and in-person events.

See Upcoming Events

You have 1 free article remaining.
Don't miss out - start your free trial today.

Start your FREE trial    Already a member? Log in


By using this website, you agree to our use of cookies. We use cookies to provide you with a great experience and to help our website run effectively in accordance with our Privacy Policy and Terms of Service.