Terviva Secures Investment from Idemitsu to Scale Sustainable Pongamia Production for Sustainable Aviation Fuel
Terviva Secures Investment from Idemitsu to Scale Sustainable Pongamia Production for Sustainable Aviation Fuel. Together, the two companies are poised to accelerate the transition to a low-carbon economy through greener fuel production
Terviva Receives Investment from Chevron Renewable Energy Group to Scale Renewable Pongamia for Biofuel Production
Terviva Receives Investment from Chevron Renewable Energy Group to Scale Renewable Pongamia for Biofuel Production
Future of Agriculture Podcast: Is This 'Super Tree' The Future of Bioenergy and Plant-Based Protein?
Is This 'Super Tree' The Future of Bioenergy and Plant-Based Protein?
Today’s episode is long overdue. For the past 15 years, today’s guest: Naveen Sikka, has been working to commercialize the pongamia tree. There are several things that are special about this emerging crop. First, it’s a legume, so like soybeans, peas, lentils, chickpeas and other legumes, the plant forms symbiotic relationships with nitrogen fixing bacteria, so in short, it can fix its own nitrogen from the atmosphere. Although the crop does still require some fertilizer - just a fraction of what is required for a lot of other crops. Also like other legumes, the beans are very high in oil and protein. But unlike those crops it’s a tree, which can have benefits in terms of productivity, soil health, and adaptability to certain parts of the world. So you have this supertree, that is a nitrogen fixer that is a perennial and adapted to both periods of flooding and periods of drought, and most of all it produces a versatile and nutrient dense crop. Naveen’s going to share a whole lot more about pongamia, but I wanted to start with answering, why is all of this effort worthwhile?
🎥Terviva’s strategic pivot: ‘The development cycles of our tech are longer than the economic cycles in which we operate’
The ultimate ‘climate-smart’ crop, nitrogen-fixing Pongamia trees produce significantly more biomass per acre than soybeans with a fraction of the inputs. But scaling and commercializing products from a completely new crop takes time and patient capital, says Terviva cofounder and CEO Naveen Sikka.
The Power Pod
This legume has superpowers: It's drought tolerant, pest resistant, nitrogen fixing, carbon sequestering, soil remediating, high-yielding and rich in protein. It can provide food and fuel, and combat climate change, all with a single pod. And Terviva wants to plant millions of them to feed billions.