In Indiana, Corteva announced a collaboration with bp on the companies’ shared intent to form a crop-based biofuel feedstock joint venture.
The JV would produce and deliver crop-based biofuel feedstocks to help meet the anticipated growth in demand for SAF.
Corteva and bp have executed a non-binding memorandum of understanding, with the intent of forming a JV that would aim to progressively scale up volume, reaching delivery of one million metric tons per year of biofuel feedstocks for SAF production by the mid-2030s.
Corteva plans to contract with farmers in North and South America, and Europe, to grow proprietary Corteva mustard seed, sunflower and canola feedstocks well-suited for SAF production.. The JV would aim to introduce new cropping systems to produce oil that meets EU RED III criteria, and qualifies for US Low Carbon Intensity policy incentives, while creating a new revenue stream for farmers.
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Tags: biofuel, BP, Corteva, Indiana
Category: Fuels
