Crop Innovation Company KeyGene and Felda Global Ventures Berhad (FGV) announce that they have signed a Memorandum of Collaboration (MoC) agreement to establish a strategic partnership to start a joint research laboratory (joint lab). This joint lab will empower FGV R&D to become a center of excellence by strengthening its research capabilities, enabling faster introduction of better and more sustainable oil palm varieties to the market. Malaysia’s FGV is the largest producer of Crude Palm Oil and the third largest Oil Palm Plantation operator in the world.
The full press release is available as pdf file.
Dato’ Zakaria Arshad, Group President and Chief Executive Officer of FGV stated:
“The agreement assures FGV access to KeyGene’s vast technology expertise in crop genomics. In turn, this will significantly increase our competitiveness in the oil palm seed market through faster introduction of new and improved oil palm planting material”