St. Louis, MO and Buenos Aires, Argentina – Nov. 10, 2026 – Bunge (NYSE: BG), a premier agribusiness company that connects farmers to food, feed and fuel markets, and GDM, a global plant genetics company, today announced a strategic joint venture, Enerseed, to develop high-quality, novel oilseeds as feedstocks for biofuels. The partnership will accelerate the development and commercialization of next-generation, non-traditional oilseed crops for the growing low-carbon renewable fuels market.
Enerseed will combine GDM’s expertise in plant genetics, breeding, R&D, trait development and gene editing with Bunge’s global scale, processing capabilities, and broad market access. The collaboration is designed to support an integrated, end-to-end global value chain, from innovative seed development to the efficient delivery of sustainable feedstocks to biofuel customers worldwide. The first seed development projects are expected to begin in select markets and may expand globally to other relevant markets as crops and commercial opportunities mature.
“Navigating today’s global landscape requires strategic focus and innovative solutions that address pressing challenges like energy security,” said Julio Garros, Bunge’s Chief Operating Officer. “Bunge’s joint venture with GDM, a leader in oilseed genetics with a global presence and experienced research team, is another step in Bunge’s work to support decarbonization in global supply chains. By leveraging our complementary strengths, Bunge and GDM can also unlock value for farmers who can grow low-carbon feedstocks and for customers across the feed, food and fuel industry.”
Enerseed will focus on developing a portfolio of promising, non-traditional oilseeds. These crops offer several environmental benefits, including improved soil health, reduced erosion, nitrogen fixation, and lower water requirements. They also benefit farmers by creating additional cropping options, supporting diversification and helping growers generate revenue from fallow periods, access new value chains and participate in premium opportunities linked to lower-carbon feedstocks and lower carbon emissions.
“At GDM, our purpose is to contribute to global food security through genetic innovation. This joint venture allows us to extend that expertise into new crops and markets that can support the transition to more sustainable energy,” said Ignacio Bartolome, Chief Executive Officer of GDM. “By partnering with Bunge, we can apply our global R&D platform, advanced breeding expertise, trait development and gene-editing tools to accelerate innovation in low-carbon feedstocks and create new opportunities for growers and the broader value chain.”
Enerseed will be built around an open licensing model designed to expand access to advanced genetics, cultivation techniques and end-use applications. By making its intellectual property available to qualified partners and fostering collaboration among seed companies, universities, research institutions, technology developers and other market participants, Enerseed aims to support the development and commercialization of low-carbon feedstocks at scale.
For more information or to explore partnerships, visit www.enerseed.com.
About GDM
GDM is a global plant genetics group that develops innovative solutions for row crops, connecting science, technology, and talent on an international scale. With operations in more than 20 countries and approximately 3,400 employees, GDM drives genetic innovation and the sustainable development of the agriculture industry through advanced research capabilities, intellectual property protection, and global collaboration. More information: www.gdmseeds.com.
About Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed, and fuel to the world. As a premier agribusiness solutions provider, our dedicated employees partner with farmers across the globe to move agricultural commodities from where they’re grown to where they’re needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland, and its corporate headquarters in St. Louis, Missouri. Learn more at Bunge.com.
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The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations and projections about our future results, performance, prospects and opportunities. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward looking statements. The following factors, among others, could cause actual results to differ from these forward looking statements:
• the impact on our employees, operations, and facilities from the war in Ukraine and the resulting economic and other sanctions imposed on Russia, including the impact on us resulting from the continuation and/or escalation of the war and sanctions against Russia;
• the effect of weather conditions and the impact of crop and animal disease on our business;
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• changes in government policies and laws affecting our business, including agricultural, trade, tariff and foreign investment policies, financial markets regulation and environmental, tax and biofuels regulation;
• the impact of seasonality;
• the outcome of pending regulatory and legal proceedings;
• our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without limitation Bunge’s business combination with Viterra Limited ("Viterra");
• the impact of industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations in energy and freight costs and competitive developments in our industries;
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• the effectiveness of our risk management strategies;
• operational risks, including industrial accidents, natural disasters, pandemics or epidemics, wars and cybersecurity incidents;
• changes in foreign exchange policy or rates;
• the impact of our dependence on third parties;
• our ability to attract and retain executive management and key personnel; and
• other factors affecting our business generally.
The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances.
You should refer to "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 19, 2026, as well as other risks and uncertainties set forth from time to time in reports subsequently filed with the SEC.
