ST. LOUIS—Monsanto Co. will, according to this story,
release a new breed of soybeans in partnership with The Solae
Co., a firm that is mostly owned by one of Monsanto's biggest
competitors.
The St. Louis-based biotech company announced the partnership
Thursday. Food company Solae is mostly owned by DuPont, the
global technology corporation that also owns Pioneer Hi-Bred
International, Inc.
Partnering with Solae offers Monsanto a ready-made marketing
machine for the new breed of soybeans. Solae processes and
sells soy protein to 3,000 customers worldwide that make everything
from health drinks to hamburgers.
Monsanto will provide Solae a new strain of soybean that yields
more flavorful protein and which is easier to mix into other
products, the companies said.