PHYLA announced an agreement with UPM to explore the biological and commercial viability of agroforestry concepts. PHYLA and UPM will develop nursery operations in South America for PHYLA's elite species of pongamia. This initiative seeks to explore the potential of the plant for large-scale agroforestry concepts focusing on cultivation, yield and environmental impact.

Focus is on exploring pongamia cultivation potential on degraded land, contributing to its long-term productivity and environmental preservation as well as providing additional economic opportunities for farmers and rural communities.