Concluding a business alliance between Grameen Euglena and Bangladesh government-affiliated development organization PKSF
-Changing food supply in Japan and Bangladesh by utilizing the International Fund for Agricultural Development
Promote the expansion of the "Mung Bean Project" in Bangladesh ~

Euglena Co., Ltd.

　Euglena GG (hereinafter referred to as Grameen Euglena Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Mitsuru Izumo) and Dr. Muhammad Yunus * 1. Euglena) signed a business alliance with the Bangladesh government-affiliated development organization Palli Karma-Sahayak Foundation (PKSF) on June 20, 2016 as an initiative to expand the "Green Bean Project" in Bangladesh. We will inform you that we have done so. * 1 ... 2006 Nobel Peace Prize Laureate

　In Bangladesh, the majority of the population is farming, but many of the farmers belong to the poor, and creating jobs and increasing income in rural areas to improve living standards is an issue. Under such circumstances, in Grameen Euglena, in the cultivation of mung beans, which is a raw material for bean sprouts and is often eaten in Bangladesh, by communicating Japanese agricultural technology to Bangladesh farmers, we realized the cultivation of better quality mung beans in Bangladesh. Since October 2014, we have been conducting the "Mung Bean Project" with the aim of purchasing mung beans at a price higher than the market price of Bangladesh and exporting them to Japan.

　Since PKSF and Grameen Euglena have signed a business alliance Euglena will instruct new farmers in the future, and we will obtain support to promote further expansion of the "mung bean project". have become. PKSF has a farmer network of about 20 million people, and Euglena will increase the number of farmers who will participate in the "mung bean project" in the next three years. We plan to increase the number from the current 3,500 to about 10,000. Through this, we aim to create employment in rural areas in Bangladesh, increase farmers' income, promote the production and sales of high-quality mung beans, and expand mung bean exports to Japan.
　The activity costs related to the expansion of the "Mung Bean Project" will be contributed by the International Fund for Agricultural Development (IFAD), a UN-related organization to which PKSF is subsidized. This is expected to be over 100 million yen in three years. Although more funds have been contributed to IFAD by the Japanese government, it is the first time for a Japanese company to actually utilize the funds of IFAD.
　Going forward, we and Grameen Euglena will continue to promote the expansion of the "Mung Bean Project" in Bangladesh with the aim of making people and the earth healthy. The details are as follows.

Expansion of "Mung Bean Project" through business alliance with PKSF of Grameen Euglena

■ About the role of each company
○ Grameen Euglena
　We will provide training for new farmers from PKSF. In addition, we will sell the produced mung beans in Bangladesh and develop sales channels for supplying them to Japan.
○ Palli Karma-Sahayak Foundation (PKSF)
　Utilizing PKSF's network of about 20 million farmers, we will promote farmers' participation in the "Mung Bean Project". In addition, we will use IFAD subsidies to provide the activity costs required for farmers to participate in the "Mung Bean Project".
○ International Fund for Agricultural Development (IFAD)
　We provide subsidies to PKSF for the purpose of agricultural support in poor areas.

■ Relationship diagram regarding business alliance

■ About Euglena Co., Ltd.
In 2005, we succeeded in establishing the world's first outdoor mass culture technology for the Euglena In addition to Euglena we are also conducting research toward the production of biofuels. Listed on TSE Mothers in December 2012. December 2014 Market change to the First Section of the Tokyo Stock Exchange.

​ ​

-Contact for inquiries from the press-
Euglena Co., Ltd. Public Relations and IR Division