FuturaGene’s eucalyptus is approved for commercial use in Brazil
This is the first genetically modified (GM) eucalyptus event to be approved worldwide and represents the most significant productivity milestone for the renewable plantation forest industry since the adoption of clonal technology in the early 1990’s. This approval also represents the beginning of a new era for sustainable forest management by enabling the production of more fiber, using less resources. Brazil is the first country to complete the development cycle of such a technology.
The yield increase provided by the GM eucalyptus will provide economic, environmental and social benefits. The economic benefits include increased competitiveness for the Brazilian forestry sector. The main environmental benefits derived from using less land to produce more fiber will include lowered carbon emission through the reduction of distance between the forests and the mills, reduced use of chemical inputs and greater availability of land for other purposes, such as conservation and food production.
Partners of Suzano Pulp and Paper’s outgrowers program, including small landholders, who have already benefited from the company´s best seedlings for years, will have access to the technology under terms of current contracts, which do not involve the payment of royalties.
For Stanley Hirsch, FuturaGene CEO, the approval of this technology represents a breakthrough for the forestry industry: “Producing more wood without increasing the use of natural resources is a constant challenge for all industry players. We are very proud to have developed an innovative technology that is capable of potentiating forestry industry competitiveness while benefitting society as a whole”.
FuturaGene’s yield-enhanced eucalyptus has been under development since 2001 and has undergone extensive biosafety assessment prior to submission for commercial approval. According to Dr. Hirsch, the company has several additional products at different stages of development in its pipeline. “This approval by CTNBio is an incentive for us to continue seeking innovative technological solutions that contribute for meeting the ever growing global demand for wood in a sustainable manner.”