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E Green Global
Jul 29

EGG, signed MOU with Suppro

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In February 2017, EGG signed a Memorandum of Understanding with Suppro, in order to introduce Pomtato, a hybrid plant between potato and tomato, to the Korean market. By signing this MOU, both parties are excited about the prospect of using EGG’s microtubers for Suppro’s Pomtato. Additionally, EGG has supplied Suppro with samples for product testing and Suppro stated it would purchase pre-agreed amount of EGG microtubers for the first phase of its business.

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    Recently EGG got purchase orders of 35 million of MCTs from big farmers’ associations for seed farming in 2020 and it will generate $60 million of sales revenue. These potato farms have tried EGG’s seed for last couple of years.
  • E Green Global
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    EGG signed Joint Cultivation Agreement on potato growing in 2019 with Beidahuang Potato Group and Beian Yongliyinong Potato Specialized Planting Cooperatives in China. EGG will supply MCTs to China and both companies will begin to produce healthy virus-free potatoes for the market.
  • E Green Global
    Jul 29

    In May 2018, EGG signed a three-way MOU with CJ Freshway, one of the major food retail companies in Korea, and Eoulim, a renowned farming association. Under this agreement, the parties will jointly participate in the introduction of the new variety in Korea. This sets a win-win partnership between the food distribution company, agri-tech venture company and contract farmers, ultimately stimulating the Korean potato industry. The parties will start off with potatoes but also work their way through to strengthen the inter-farm relations by developing new varieties of other agriculture products such as onions, sweet potatoes and etc.

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