AGCO Selected for Award by U.S. Department of Energy (DOE)
23 Settembre 2009 - 2:10PM
Business Wire
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.
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