USA: Corteva Inc. and Bunge Ltd. are working with Chevron Corp. to develop renewable fuels from Rapeseed crops. They are launching exclusive winter Canola hybrids that produce plant-based oil with a lower carbon footprint in response to opportunities in the renewable fuels industry. The companies stated that their goal for 2023 is to increase the availability of vegetable oil feedstocks, mainly for the growing domestic renewable fuels industry. To provide farmers with a new source of income and a sustainable crop rotation, the firms intend to introduce the winter Canola crop to the Southern United States.
Gregory A. Heckman, chief executive officer of Bunge, stated that rotational cover crops are a critical component of the company's goal for continuing to produce feedstocks with lower carbon emissions. They are thrilled to collaborate with Corteva and Chevron to bring this crop breakthrough to farmers and transform it into sustainable solutions for customers. We are a global leader in the processing of oilseeds. This is just another step in our commitment to laying out a path that will help the industry become Carbon-Neutral.
Winter canola hybrids made exclusively by the Corteva firm can be cultivated in a double-crop system alongside cotton or soybeans. The joint venture between Bunge and Chevron, Bunge Chevron Ag Renewables, plans to sign agreements with farmers to purchase the winter canola crop that has been harvested and use the oil from the crop to produce sustainable fuel.
Chevron is committed to reaching a lower-carbon energy future and recognizes that renewable fuels like biodiesel and renewable diesel are a solution to do so, said Kevin Lucke, head of the Chevron Renewable Energy Group. Innovation in the feedstock is essential to the expansion of the renewable fuels sector, and cutting-edge approaches like double-crop winter Canola benefit not only a lower-Carbon future but also farmers, consumers, and the environment.
As per the ChemAnalyst database, it is also observed that farmers will be able to harvest cover crops and ultimately profit from them, in addition to enjoying the benefits of conservation and Carbon reduction that come with them. This is what makes the new canola venture so appealing to farmers.