14-03-2023
orteva Agriscience, Bunge and Chevron collaborate to meet growing demand for lower carbon renewable fuels
Corteva Inc, Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced today a commercial collaboration to introduce proprietary winter canola hybrids that produce plant-based oil with a lower carbon profile. The goal is to increase the availability of vegetable oil feedstocks primarily for the growing domestic renewable fuels market. The companies plan to introduce the winter canola crop into the southern United States with an intention to create a new revenue opportunity for farmers with a sustainable crop rotation.
The proprietary winter canola hybrids from Corteva can be used in a double crop system, following soybeans or cotton. “We’re pleased to work with Bunge and Chevron to bring a new option in the southern U.S. that will deliver solutions for farmers to increase productivity and sustainability on their acres, as well as contribute to the need for renewable and less carbon-intensive fuel options,” said Chuck Magro, CEO, Corteva Agriscience.
Bunge Chevron Ag Renewables, the joint venture between Bunge and Chevron, plans to contract with farmers to purchase the harvested winter canola crop and use the oil to produce renewable fuel. In addition to providing farmers a new income opportunity, adding winter canola to a rotation provides a cover crop which can enhance soil health by holding more nutrients, water, and carbon in the soil. A pilot program is expected to be conducted in the 2022-23 growing season to fine-tune best management practices.
“Rotational cover crops play a key role in our strategy to continue to develop next generation lower carbon feedstocks. As a leader in oilseed processing, we are pleased to work together with Corteva and Chevron to bring this crop innovation to farmers and process it into sustainable solutions for consumers. This is another step in our commitment to creating clear paths to support the decarbonization of the industry,” said Greg Heckman, Bunge CEO.
The companies plan to continue to explore opportunities to sustainably improve farming options and produce lower carbon renewable fuels.
“Chevron is committed to advancing a lower-carbon energy future, and we recognize renewable fuels like biodiesel and renewable diesel are a solution to do that,” said Kevin Lucke, President of Chevron Renewable Energy Group. “Feedstock innovation is a critical element of the growth of the renewable fuels industry, and innovative solutions like double-crop winter canola not only benefit the lower-carbon future, but also benefit farmers, consumers and the environment.”
News Category:
-
Chart and Zev Station H2 fueling MoU
Chart and ZEV Stations, Co., have executed a Memorandum of Understanding enabling the companies to collaborate on novel deployment for US-based, multimodal hydrogen ...
15-03-2023
-
JetBlue and Shell Aviation sign new SAF agreement
JetBlue and Shell Aviation have announced a new agreement to bring additional supplies of sustainable aviation fuel (SAF) to Los Angeles International Airport (LAX). Under ...
14-03-2023
-
LyondellBasell launches new company strategy
LyondellBasell hosts its Capital Markets Day today at the New York Stock Exchange and is introducing its new long-term strategy which is aligned with the company's purpose ...
14-03-2023
-
ADNOC selects API 685 OH2 and VS4 magnetic drive pumps from Amarinth
Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, primarily for the offshore and onshore ...
14-03-2023
-
Corteva Inc, Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced today a commercial collaboration to introduce proprietary winter canola hybrids ...
14-03-2023
-
Targray announces new Oregon biodiesel terminal locations
Targray, a leading international supplier of renewable fuels and feedstock, has announced today the opening of two new biodiesel terminals in the state of Oregon Located ...
09-03-2023
-
Economics of Decarbonisation with Honeywell Sustainability Portfolio and IRA
(Webinar) - The Inflation Reduction Act (IRA), passed by the US government on August 16, 2022, provides nearly $370B in clean energy and climate funding over the next ...
09-03-2023
-
Howden exceeds its carbon emission reduction targets
Howden has released an update on its Environmental, Social and Governance (ESG) progress, which includes a 23% reduction in its scope 1 & 2 carbon emissions during ...
09-03-2023
-
Sulzer technology at heart of Indaver’s Plastics2Chemicals plant
Sulzer advanced separation technology will enable end-of-life plastics recycling at Indaver’s first plastic depolymerization plant currently under construction in Antwerp, ...
08-03-2023
-
GenH2 and Chart form Hydrogen liquefaction systems partnership
GenH2, an industry leader in hydrogen infrastructure solutions, and Chart have formed a strategic partnership to jointly market and distribute small-scale hydrogen liquefaction ...
08-03-2023