Corteva, Bunge, and Chevron U.S.A. have partnered to introduce winter canola hybrids that produce plant-based oil with a lower carbon profile to increase the availability of vegetable oil feedstocks for the growing domestic renewable fuels market. The proprietary winter canola hybrids can be used in a double crop system following soybeans or cotton. The plan is to introduce winter canola crops to the southern United States, creating a new revenue opportunity for farmers with a sustainable crop rotation. Bunge Chevron Ag Renewables will contract with farmers to purchase the harvested winter canola crop and use the oil to produce renewable fuel.
Aside from offering farmers a new income opportunity, adding winter canola to crop rotation provides a cover crop that enhances soil health by retaining more nutrients, water, and carbon. A pilot program is expected to be conducted in the 2022-23 growing season to fine-tune best management practices. As a leader in oilseed processing, Bunge is excited to work with Corteva and Chevron to bring this crop innovation to farmers and process it into sustainable solutions for consumers. Feedstock innovation is critical for the growth of the renewable fuels industry. Innovative solutions like double-crop winter canola benefit not only the lower-carbon future but also farmers, consumers, and the environment.
Plant-Based Fuel Rise As We Seek A New Fuel
Plant-based fuel, or biofuel, is derived from organic matter such as crops, plants, and organic waste. It is often touted as an alternative to traditional fossil fuels as it is believed to be a more sustainable and environmentally friendly option. However, biofuels are not without controversy. One major criticism of plant-based fuel is that the production process requires large amounts of land, water, and other resources. This can lead to deforestation, habitat loss, and displacement of food crops, resulting in food insecurity for communities that rely on these crops for sustenance. In addition, using chemical fertilizers and pesticides to cultivate biofuel crops can have negative environmental impacts, including soil degradation and water pollution. Another issue with plant-based fuel is its impact on food prices. The demand for biofuels can drive up the prices of crops used for food, such as corn and soybeans, which can have a ripple effect on the global food market. This can lead to food insecurity and economic instability, particularly in developing countries that rely on imports.
On the other hand, unlike fossil fuels, which release harmful emissions when burned, biofuels are made from renewable resources such as corn, soybeans, and sugarcane. Plant-based fuels are known to produce significantly fewer emissions and greenhouse gases than fossil fuels, making them a more sustainable alternative. Additionally, biofuels can be produced domestically, reducing reliance on foreign oil and promoting energy independence. Plant-based fuel also has the potential to create new revenue streams for farmers and rural communities, as crops such as corn and soybeans can be used to produce biofuels. Plant-based fuel is a promising solution to reducing greenhouse gas emissions and promoting a more sustainable energy future.