New Britain Palm Oil (NBPO) , though its wholly-owned subsidiary, Ultra Oleum, has entered into a long-term joint venture agreement with Belgium's SIPEF NV and BioSing to develop high-yielding 'F1' hybrid oil palms.
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New Britain said that the hybrid technology has the potential to at least double conventional palm oil yields - a claim that is backed up by the historic yields achieved by other hybrid crops such as corn (maize), and on oil palm's specific physiological yield potential. New Britain's chief executive Nick Thompson pointed out that while the F1 technology doesn't rely on genetic modification, it "will potentially deliver a quantum leap in palm oil yields through genetics research and development".
