Bayer and bp team up to scale camelina
In Missouri, Bayer and bp announced that they have entered into a long-term strategic alliance to jointly scale the crop camelina, under the brand name newgold®. The alliance will commercialize camelina starting in North America. bp brings expertise in fuels and refining, while Bayer will utilize its industry leading expertise in seed technology, as well as its extensive farmer customer base. The alliance aims to further develop a reliable intermediate oilseeds market to help meet the growing demand for biodiesel, renewable diesel (RD) and sustainable aviation fuel (SAF) markets which is estimated to increase almost threefold to 40 billion gallons by 2040.
Category: Fuels
