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Syngenta reports Enogen® premiums-to-date paid to corn growers will top $100 million in 2018

  • Marketing agreements for Enogen corn are currently in place with more than 30 ethanol plants across 12 states 
  • Growing market acceptance is helping to provide an increasing number of corn growers with the opportunity be enzyme suppliers 
  • Keeping enzyme dollars local providing significant benefit to rural communities    
MINNETONKA, Minn., U.S.A., Feb. 28, 2018 – Since its introduction, Enogen® corn enzyme technology has provided corn growers the opportunity to be enzyme suppliers for participating ethanol plants and earn a per-bushel premium. Syngenta today announced that premiums-to-date paid to Enogen corn growers are expected to surpass $100 million during 2018. 

Nearly 40 percent of U.S. corn goes toward ethanol production.1 According to Chris Tingle, head of commercial operations for Enogen at Syngenta, providing alpha amylase enzyme to ethanol plants as Enogen grain is helping corn growers maximize return on investment for their ethanol acres. He added that this unique business model supports rural America by keeping enzyme dollars local and helping ethanol plants be more successful.

“With Enogen, ethanol producers can redirect the money they previously used to buy liquid alpha amylase to local farmers instead, in the form of an up to 40-cent-per-bushel premium,” Tingle said. “This is especially significant given current commodity prices and, as these premium dollars are circulated locally, promotes the growth and stability of rural communities through a homegrown fuel that is helping to make America more energy independent.” 

Syngenta is currently contracting with more than 1,700 corn growers and has marketing agreements with 31 ethanol plants across 12 states. 2018 ethanol production with Enogen corn is expected to be over 2.5 billion gallons.

“Ethanol has become an important success story,” Tingle added, ”and is helping America reduce its dependence on foreign oil, lowering prices at the pump, improving the environment with lower emissions, and growing the economy with jobs that can’t be outsourced. Syngenta is proud to partner with corn growers and  the ethanol industry to help provide consumers with the choice to purchase a superior, higher octane fuel and pay less.”

For more information about Enogen corn hybrids, contact a Golden Harvest® Seed Advisor or NK® retailer, or visit www.Enogen.com. 

Join the conversation online – connect with Syngenta at Syngenta-us.com/social. 

1USDA

About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on X at www.twitter.com/Syngenta and www.twitter.com/SyngentaUS.

Media Contacts:
Shane Dailey 
612.656.8153
shane.dailey@syngenta.com

Brad Bremer
212.697.2600
bbremer@gscommunications.com

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This document contains forward-looking statements, which can be identified by terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or commodity prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.

©2018 Syngenta, 11055 Wayzata Boulevard, Minnetonka, MN 55305. Enogen® and the Syngenta logo are registered trademarks of a Syngenta Group Company. 

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