In California, Terviva, Inc announced a strategic investment from integrated energy company Idemitsu Kosan Co., Ltd (Idemitsu). Idemitsu, in partnership with Terviva and Stanmore, an Australia-based coal resource company, is beginning a trial plantation of Terviva’s pongamia in Queensland, Australia. This collaboration leverages Terviva’s scalable tree production and Idemitsu’s expertise in fuels to accelerate the global production of sustainable aviation fuels (SAF) with oil from Terviva’s proprietary pongamia technology. Terviva has developed a model that ensures high yields for farmers and a robust end market for the entire pongamia bean, while Idemitsu’s industry knowledge streamlines the path to market for the oil as SAF.
Tags: California, Idemitsu, Terviva
Category: Fuels
