Mitsubishi Corporation finances Terviva’s pongamia project

In California, Terviva has entered into a partnership agreement with Mitsubishi Corporation that includes financing to Terviva.

Terviva works with local communities to harvest beans from the pongamia tree to produce oil and protein-rich meal. Pongamia is a subtropical legume tree with unique qualities that make it particularly suited to a climate-changing world. Terviva seeks to create transparent and equitable supply chains of pongamia trees in subtropical regions of the world, using reforestation, agroforestry and orchard models. Pongamia is an environmentally sustainable tree crop that adds nitrogen to the soil, stores carbon, requires little to no fertilizer or pesticides, and does not require tilling. Native bees and other pollinators thrive on the pongamia tree’s flowers, thereby supporting local biodiversity. From one acre, Terviva’s pongamia trees can potentially provide the same amount of oil from four acres of U.S. soybeans.