Linnaeus has secured the rights to a key piece of intellectual property
that will allow it to be a significant player in the future of the application
of biotechnology to crop produced industrial oils.
We are the exclusive licensee
of the Carnegie Institution of Washington's rights to the castor and
Lesquerella hydroxylase genes, promoters, related technologies
and methods. This critical gene was discovered by Dr. Chris Somerville,
head of the Carnegie Institute's Department of Plant Biology at Stanford
University and one of the world's top experts in plant biotechnology.
This technology will allow
Linnaeus to create lines of agronomic oilseed crops that produce hydroxylated
fatty acids as part of their seed oil profile. Our current patent
estate includes 8 issued US patents which cover: "Gene and method for
producing hydroxy fatty acids in plant oilseeds."
Initially, Linnaeus intends
to create lines of transgenic crop plants having as part of its genome
the castor hydroxylase gene. The oil produced will be an alternative
source of castor oil, which is 90% ricinoleic acid. The potential for
this oil has already been established. It is the existing castor market.
In addition we are currently
developing lines of crop plants with low level expression of Hydroxy
Fatty Acids suitable as a base stock for motor oil.