Periodic Reporting for period 3 - OLEFINE (OLEAginous yeast platforms for FINE chemicals)
Berichtszeitraum: 2021-01-01 bis 2022-06-30
OLEFINE has successfully demonstrated the techno-economic viability and sustainability of biologically produced insect pheromones as safe and environmentally friendly insecticide substitutes. Bio-based process overcome the limitations of the current production of pheromones by chemical synthesis from petrochemical feedstocks. As the result, the pheromones can now be produced at a reduced cost and with low environmental footprint, and are beginning to revolutionize the pest control in agriculture and forestry. The global market for pheromone-based Integrated Pest Management (IPM) products is at €1.6 billion per annum and growing rapidly, but market growth is limited by the high price of chemically produced pheromones. Biological production of cheaper pheromones is a market disrupting technology that allows rapid expansion of pheromone-based pest management products.
The wide implementation of pheromones for pest control will have far reaching environmental benefits and socio-economic impacts through reducing the health risks to the farmer and improving the food security.