Yield10 Bioscience jumps on MoU to evaluate partnership with Mitsubishi
12/01/2023 11:03
** Yield10 Bioscience Inc's shares YTEN.O rise 44.28% to
$3.04 - amongst biggest pct gainer across U.S. stock exchanges
premarket
** YTEN said late on Wednesday it signed MoU with Mitsubishi
Corp 8058.T to evaluate partnership for supply, offtake, and
market of crop, Camelina as a low-carbon feedstock oil for
biofuels urn:newsml:reuters.com:*:nGNXcf5smF
** Under the MoU, the companies will jointly undertake study
to understand if YTEN’s patented genetically modified Camelina
seed feasible to supply oil for the sustainable aviation fuel
market
** The MoU is non-binding and expires at the end of 2023
** YTEN's Stock fell ~66% last year
(Reporting by Khushi Mandowara)
((Khushi.Mandowara@thomsonreuters.com;))