Calyxt, Inc., which has been a key player in developing a market for high-oleic soybean oil, announced today that it has inked an agreement with KemX Global, an oil processor, to refine Calyxt’s oil.
This will allow Calyxt to produce food-grade high-oleic soybean oil, which is expected to hit the market in late 2018 or early 2019, according to a company press release.
“This agreement is another important step in scaling up Calyxt’s supply chain, leading up to the commercialization of our high-oleic soybean oil,” said Manoj Sahoo, Calyxt’s chief commercial officer. “KemX’s Boone, Iowa, plant…permits Calyxt to work with multiple crush plants in the Midwest region. This will allow for the production of consistent, high-quality oil, which is a direct response to the growing demand for premium oils from food companies across the U.S.”
KemX Global – with a plant that is organic and non-GMO-certified – has the capacity to refine 115 million pounds of premium oils per year.
Last month, Calyxt announced an agreement with American Natural Processors (ANP), a leading provider of innovative non-GMO and organic, to crush Calyxt’s high-oleic soybean variety and produce the company’s high-oleic soybean oil.
Additionally, in mid-2015, Calyxt received a letter from the United States Department of Agriculture (USDA) confirming that its high-oleic soybean variety is not subject to regulation because it contains no foreign DNA.