The contract includes consulting and technical guidance as well as providing promotional materials to JJN. The contract is expected to generate $1.46 million (€1 million) in sales this year increasing to $14.6 million in 2014 and a projected $43 million by 2015.
HB describes its super rice seeds as ‘disease resistant and high yielding genetically improved rice with an increased length of 25% over normal rice’.
‘This 10-year contract to supply our seeds is a significant step for the company in executing its three-pronged business plan,’ says Sino Bioenergy CEO Daniel McKinney, which also includes supplying biomass factories to municipal governments or for green electricity production.
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