In Spain, Repsol and Bunge announced a major milestone in the development of renewable fuels in Europe: the incorporation of intermediate novel crops in the production of renewable fuels. Specifically, camelina and safflower will be processed into low-carbon intensity oils and used as feedstock to produce hydrotreated vegetable oil (HVO), a fully compatible drop-in replacement for conventional diesel fuel or sustainable aviation fuel (SAF) for the decarbonization of air travel. This marks a significant step forward in feedstock innovation to produce renewable fuels in Europe.
Intermediate novel crops expand the available pool of low-carbon intensity feedstocks to produce renewable fuel, with emission reductions of up to 90% compared to conventional diesel. Repsol will utilize advanced technology in its industrial assets to convert these oils into renewable fuel, creating a new pathway for the development of renewable fuels in Spain.
The companies recently closed their previously announced transaction and are committed to ongoing research and development to explore further low-carbon feedstock opportunities to boost the supply of renewable fuels, including sourcing novel seeds from Spanish farmers.
Tags: Bunge, Repsol, Spain
Category: Fuels
