Commercial, Sourcing Renewables - March 14, 2023
Corteva Agriscience Partners to Produce Lower Carbon Fuel Winter Canola
Corteva Inc., Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation announced 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 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 in a statement.
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.
A pilot program is expected to be conducted in the 2022-23 growing season to fine-tune best management practices.
The companies plan to continue to explore opportunities to sustainably improve farming options and produce lower carbon renewable fuels.