Key Takeaways
- BP and Corteva formed Etlas, a 50:50 joint venture focused on biofuel feedstocks.
- Etlas will produce oil from crops such as canola, mustard, and sunflower.
- Initial feedstock supply is planned to begin in 2027.
- The venture targets one million metric tonnes of feedstock annually by the mid-2030s.
- The model provides new revenue opportunities for farmers without expanding cropland.
BP And Corteva Establish Etlas Joint Venture
BP and Corteva Inc. announced the launch of Etlas, a newly formed 50:50 joint venture focused on producing crop-based oils for use in biofuels, including sustainable aviation fuel (SAF) and renewable diesel (RD). The venture combines Corteva’s expertise in seed technology with BP’s experience in refining and fuel marketing for commercial transportation.
Etlas is designed to develop and scale crops suited for biofuel production, supporting growing global demand for lower-carbon fuels across aviation and ground transport.
BP-Focused Feedstock Strategy For Biofuels
Etlas plans to source feedstocks from crops such as canola, mustard, and sunflower grown on existing agricultural land. These crops will be planted between main food cropping seasons, allowing farmers to generate additional income during periods when land has traditionally been fallow or used only as cover.
