AlgaEnergy, Concentric Ag Enter into Distribution and Product Development Agreements

By PR Newswire|15 September 2020

AlgaEnergy N.A. Inc., the U.S. subsidiary of Spain-based AlgaEnergy S.A. and a global leader in microalgae biotechnology, and Concentric Ag Corporation, a leading developer of microbial and plant nutrient crop inputs, have signed a two-pronged partnership agreement.

The first agreement establishes AlgaEnergy as the exclusive global distributor of Concentric’s microbial product, Synergro (sold as Inocucor Garden Solution in California) and its cell-free microbial metabolite product, Synergro M2. The agreement excludes Concentric’s core business in Canada and the United States for broadacre and row crops. Synergro and Synergro M2 will continue to be sold through Concentric’s existing distribution channels.

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The second agreement is a strategic partnership that enables AlgaEnergy to combine Concentric’s patented microbial technologies with AlgaEnergy’s proprietary microalgae technologies to create unique biological products, which AlgaEnergy will then distribute to growers in its global markets. Concentric will market these products in both Canada and the U.S. for broadacre and row crop growers.

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