DuPont and Syngenta announce the formation of a 50-50 joint venture and licensing agreements that will provide broad access to the companies' proprietary corn and soybean genetic lines and biotechnology traits.

DuPont and Syngenta announce the formation of a 50-50 joint venture and licensing agreements that will provide broad access to the companies' proprietary corn and soybean genetic lines and biotechnology traits.

The two companies also agree to cross-license certain com and soy bean traits that each company will market independently under their own seed brands. The agreement includes rights for Syngenta to market the new Optimum[TM] GAT[TM] herbicide tolerant trait developed by DuPont.

The joint venture, named GreenLeaf Genetics will be based in Omaha, NE, and led by Ron Wulfkuhle, the current head of Syngenta's GreenLeaf Genetics business.