R & D Leads Project of How to Collect and More Efficiently
Transport Biomass for Processing
DULUTH, Ga.--(BUSINESS WIRE)--Sep. 23, 2009--
AGCO Corporation (NYSE:AGCO), Your Agriculture Company, a worldwide
manufacturer and distributor of agricultural equipment, was recently
selected for negotiations leading to an award by the U.S. Department of
Energy. With the actual DOE grant of up to five million dollars, AGCO’s
Research and Development (R & D) team will seek to demonstrate the
viability of a hay product as a least-cost, near-term means for
supplying high tonnage biomass feedstocks to cellulosic bio-fuel
processors. The project is focused on the efficient collection and
transportation of biomass to production plants for processing. AGCO
offers a full line of products including tractors, combines and
windrowers to compliment the entire biomass collection process.
“AGCO’s R & D team has earned the recognition that accompanies this
award. Their work in the area of biomass positions AGCO well as an
accomplished supplier in this growing market segment,” said Garry Ball,
Senior Vice President of Global Engineering.
To deliver the objectives of the grant, AGCO will be working with
industry leading renewable fuel producers, such as: POET, Abengoa
Bioenergy, and Terrabon. AGCO will also be working as well with
industrial experts who have focus on bio-fuels and energy crops such as
Idaho National Laboratory, The Samuel Roberts Noble Foundation, Texas
A&M University, Oklahoma State University, Iowa State University, and
the energy crop company, Ceres, Inc.
ABOUT AGCO
AGCO, Your Agriculture Company, (NYSE: AGCO) was founded in 1990 and
offers a full product line of tractors, combines, hay tools, sprayers,
forage, tillage equipment, implements, and related replacement parts.
AGCO agricultural products are sold under the core brands of
Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed
globally through more than 2,800 independent dealers and distributors,
in more than 140 countries worldwide. AGCO provides retail financing
through AGCO Finance. AGCO is headquartered in Duluth, Georgia, USA. In
2008, AGCO had net sales of $8.4 billion. Please visit our website at www.AGCOcorp.com.
Source: AGCO Corporation
AGCO Corporation
MEDIA CONTACT:
Nancy Klentak,
770-232-8209
Manager, Global Corporate Communications
nancy.klentak@agcocorp.com
or
INVESTOR
CONTACT:
Greg Peterson, 770-232-8229
Director, Investor
Relations
greg.peterson@agcocorp.com
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