#None #Corteva #bp #Etlas

Corteva and bp Join Forces to Establish Etlas™

In a significant advancement towards sustainable energy solutions, Corteva Inc. and bp have announced the launch of Etlas™, a 50:50 joint venture dedicated to producing biofuel feedstock. This collaboration merges Corteva's extensive experience in seed technology with bp's proficiency in refining fuels, targeting a productive and eco-friendly future for the biofuel market.

Vision and Objectives of Etlas™

The newly formed Etlas venture aims to generate one million metric tonnes of biofuel feedstock annually by the mid-2030s. This output is projected to facilitate the creation of over 800 thousand tonnes of biofuels, specifically sustainable aviation fuel (SAF) and renewable diesel (RD). Initial operations are expected to commence in 2027, supplying materials for both co-processing at refineries and dedicated biofuel plants.

The joint effort comes at a time when global demand for sustainable aviation fuel is estimated to rise sharply — from 1 million tonnes in 2024 to around 10 million tonnes by 2030. Concurrently, the demand for renewable diesel is anticipated to escalate, climbing from approximately 17 million tonnes in 2024 to 35 million tonnes within the same timeframe. Etlas™ is designed to meet this anticipated surge in demand by ensuring a consistent and scalable supply of feedstock.

Sustainable Agricultural Practices

A notable aspect of Etlas™ is its commitment to sustainability. The feedstock for biofuels will be sourced from crops cultivated on existing farmland, specifically during off-seasons, allowing farmers to maximize the utility of their agricultural land. This approach not only supports farmer profitability through new revenue streams but also contributes positively to soil health. By utilizing cropland that might otherwise remain unproductive, Etlas™ ensures that its operations do not exacerbate land-use challenges.

Corteva's executive vice president of the seed business unit, Judd O’Connor, highlighted that the inception of Etlas™ aligns perfectly with Corteva's mission to address pressing agricultural challenges while supporting farmers globally. By fusing agricultural innovation and energy production, Etlas™ positions itself as a solution-oriented entity focused on offering benefits to both the environment and farmers.

Leadership and Collaboration

At the helm of this venture, Ignacio Conti, currently the Global Business Development Director at Corteva, will assume the role of CEO, while Gaurav Sonar, Vice President of Novel Feedstocks at bp, will serve as the Chair of the Board of Directors. Their leadership is expected to leverage technological advancements and established relationships within the agricultural sector to drive the growth of this initiative.

Conti spoke on the key role farmers play in the transition to sustainable fuels, emphasizing the importance of Etlas™ in creating viable pathways for production. This partnership presents a strategic advantage, allowing both companies to enhance their positions in the biofuels market while catering to the increasing demand from consumers for environmentally sustainable options.

Conclusion

The launch of Etlas™ by Corteva and bp marks a significant milestone in the realm of sustainable fuels. By tapping into their strengths and collaborative expertise, they are poised to not only meet the burgeoning demand for biofuels but also support farmers and contribute to the health of the environment. As the global energy landscape evolves, initiatives like Etlas™ will be instrumental in driving a sustainable future in both agriculture and energy production.

For more information on Corteva and its initiatives, visit Corteva.com and for bp, visit bp.com.