Public-private partnership AgriZero has announced its investment of around US$3mn in agriculture biotechnology company, BioLumic to utilise ultraviolet (UV) light to develop a low emissions farm pasture with increased productivity gains
AgriZero’s funding will enable BioLumic to apply its technology to ryegrass, the most common forage pasture on New Zealand farms. The goal is to increase fat content and subsequently reduce methane emissions from animals that consume it.
BioLumic’s founder and Chief Science Officer, Dr Jason Wargent said that the company was targeting wide scale use from 2027, with reduced regulatory barriers expected from the light treatment approach which will support a faster speed to market. Moreover, with this being AgriZero’s sixth major investment, McNee said the joint venture was aiming to have two to three emissions reduction tools in widespread use by 2030.
“Pasture is the foundation of the business for Kiwi farmers, so a pasture solution to curb methane and boost productivity will be an important option in their toolkit to reduce emissions,” said AgriZero chief executive, Wayne McNee. “BioLumic’s work is an exciting prospect to help secure the future of farming in New Zealand with the very thing that makes our agricultural sector unique and drives our competitive edge today – high quality grass.”
For more information, visit: https://www.agrizero.nz and https://www.biolumic.com
