Nutrien Ag Solutions, Loveland, Colo., announced on June 17 that it has completed the acquisition of Suncor Energy’s AgroScience assets, which consist of several patented and patent-pending technologies in the area of biocontrol solutions for integrated pest management. Suncor Energy is a global integrated energy company based in Calgary, Alta.
Nutrien Ag Solutions said the acquisition aligns with its strategy to invest in novel, patented, and effective biocontrol technologies through its Loveland Products business. The company said the technologies offer a new mode of action and have “market-competing potential” in delivering efficacy, stability, and economic value comparable to traditional synthetic crop protection inputs.
“We’re excited to further develop this new technology which is expected to help accelerate Loveland Products’ efforts in delivering a broader range of solutions that aim to help maximize yields,” said Casey McDaniel, Vice President of Loveland Products. “As the biocontrol market grows, we believe farmers will increasingly demand bio-based solutions that work within existing management practices to achieve bottom-line benefits in yield and efficiency and support efforts to improve sustainability.”
Nutrien Ag Solutions said the new chlorin-based photosensitizer formulations acquired in the deal are expected to launch in certain global markets by 2025 and will be part of the Loveland Products portfolio. Product submissions to the US EPA are anticipated by 2026.
“We believe that biologicals are important next-step tools for elevating the potential in every field,” McDaniel added. “In the coming months and years, we aim to bring more of these types of offerings to market under the Loveland brand or partner brands for farmers of all scales and in all geographies.”