Corteva and BP Launch Joint Venture Etlas to Produce Biofuel Feedstocks from Crops
Corteva Inc. and BP have formed a 50:50 joint venture named Etlas to produce biofuel feedstocks from crops like canola, mustard, and sunflower, aiming for an annual output of one million metric tonnes by the mid-2030s. The initiative is set to begin production in 2027 and will contribute to the growing demand for sustainable aviation fuel and renewable diesel, while promoting soil health and providing farmers with additional income. Ignacio Conti will serve as CEO, with Gaurav Sonar as Chair of the Board.
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Corteva Inc. and bp have established a 50:50 joint venture named Etlas, aimed at producing oil from crops such as canola, mustard, and sunflower for biofuels including sustainable aviation fuel (SAF) and renewable diesel (RD). The venture plans to produce one million metric tonnes of feedstock annually by the mid-2030s, generating over 800 thousand tonnes of biofuel.
Production is expected to commence in 2027. Industry forecasts predict global SAF demand will rise to 10 million tonnes by 2030, and RD demand could reach 35 million tonnes in the same period. Etlas will utilize crops grown on existing cropland, enhancing soil health and providing additional income for farmers without increasing land use. Ignacio Conti will serve as CEO of Etlas, with Gaurav Sonar as Chair of the Board.
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