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Released November 19, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Corteva Incorporated (NYSE:CTVA) (Indianapolis, Indiana) said Monday it was collaborating with BP plc (NYSE:BP) (London, England) with the intent to form a crop-based biofuel feedstock joint venture (JV) to produce sustainable aviation fuel (SAF).
Corteva and BP have executed a non-binding memorandum of understanding, with the intent of forming a JV that would aim to reach delivery of 1 million metric tons per year of biofuel feedstocks for SAF production by the mid-2030s.
Corteva said it plans to contract with farmers in North and South America, and Europe, to grow proprietary Corteva mustard seed, sunflower and canola feedstocks for SAF production.
A number of countries have, or are in the process of implementing, mandates or tax incentives to promote the decarbonization of the aviation sector, Corteva said.
Industrial Info is tracking 15 high- and medium-probability capital projects from Corteva, worth more than $37 million. In Wahpeton, North Dakota, construction began in April on six new 5,000-square-foot storage bins at a 25,000-bushel-per-day seed processing facility. Subscribers to Industrial Info's Global Market Intelligence (GMI) Food & Beverage Project and Plant databases can click here for the project report and click here for the related plant profile.
Subscribers can click here for all high- and medium-probability Corteva projects being tracked by Industrial Info.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
Corteva and BP have executed a non-binding memorandum of understanding, with the intent of forming a JV that would aim to reach delivery of 1 million metric tons per year of biofuel feedstocks for SAF production by the mid-2030s.
Corteva said it plans to contract with farmers in North and South America, and Europe, to grow proprietary Corteva mustard seed, sunflower and canola feedstocks for SAF production.
A number of countries have, or are in the process of implementing, mandates or tax incentives to promote the decarbonization of the aviation sector, Corteva said.
Industrial Info is tracking 15 high- and medium-probability capital projects from Corteva, worth more than $37 million. In Wahpeton, North Dakota, construction began in April on six new 5,000-square-foot storage bins at a 25,000-bushel-per-day seed processing facility. Subscribers to Industrial Info's Global Market Intelligence (GMI) Food & Beverage Project and Plant databases can click here for the project report and click here for the related plant profile.
Subscribers can click here for all high- and medium-probability Corteva projects being tracked by Industrial Info.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
