Corteva, BP Launch Biofuel Feedstock Venture


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL(DTN)- Corteva Inc. and BP announced Wednesday (1/7) the 
formation of a joint venture aimed at expanding oilseed feedstock supply for 
sustainable aviation fuel and renewable diesel production.

   The venture, named Etlas, will focus on developing crops such as canola, 
mustard, and sunflower for use in biofuel refining. The companies said initial 
production is expected to begin in 2027, with longer term output targeted at 
roughly one million metric tonnes of feedstock annually by the mid-2030s.

   Feedstock will be grown on existing cropland during periods between primary 
food crop cycles, a structure the companies said is intended to avoid 
additional land use while providing farmers with an additional revenue stream.

   The companies said the venture will be led by Ignacio Conti as chief 
executive officer, with BP's Gaurav Sonar serving as chair of the board.

   The announcement follows growing policy support for sustainable aviation 
fuel in the U.S. and Europe, including tax credits and airline decarbonization 
targets aimed at increasing SAF use over the next decade.

    




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