Novellus+ Regulatory Authorisation in Chile

Eden Research plc (AIM: EDEN), a leader in sustainable biopesticide and biocontrol technologies, is pleased to announce that it has received regulatory authorisation in Chile for the fungicide Novellus+™. The approval, granted by the Chilean Ministry of Agriculture, applies to its use in wine and table grapes to control grey mould (Botrytis cinerea) and powdery mildew (Uncinula necator). Novellus+ provides excellent protection for grapes with no residues and can be applied up to one day before harvest. Sipcam Chile SpA, the local affiliate of Sipcam-Oxon, will be the exclusive distributor.

Chile is recognised as one of South America's leading agricultural markets, driven by strong export demand and a favourable climate for year-round production. Chile is the third largest wine producer in the Southern Hemisphere, with a five-year average production of 11.3 million hectolitres (mhL) per year. Globally, Chile was the fourth-largest wine exporter in 2024, with approximately 70% of the total production exported. Furthermore, with nearly 50,000 hectares of table grapes grown, Chile is the second largest producer and exporter of grapes in the Southern Hemisphere.

Overall, the Chilean crop protection market is the fourth-largest market in LATAM, estimated to be $735 million in 2022 and projected to grow to over $834 million by 2027. Conventional chemical pesticides are rapidly being replaced by organic and biological solutions as a consequence of the pressure from consumers and retailers, and this migration to more sustainable solutions has been set as a priority by the government of Chile, which is boosting international promotion of its organic food production.

Sean Smith, CEO of Eden Research, commented:

"The approval of Novellus+™ in Chile is a milestone for Eden in our effort to deliver sustainable solutions to growers and to the food chain globally. The Chilean market is particularly attractive as well-recognised exporters of grapes and wine with a strong commitment to delivering the highest standards in their products. Working alongside Sipcam-Oxon, we are excited to expand our business in one of the fastest-growing markets for biological crop protection. Moving forward, we intend to expand the Novellus+™ label to include other high-value crops. Given the clear intention of the local industry and regulators to move towards more sustainable agriculture, we are confident that our first step into South America will deliver excellent results for our partner, growers, and Eden's stakeholders."