bp bets on sustainable biofuel by partnering up with Nuseed
Both companies have committed to produce and accelerate market adoption of Nuseed Carinata as a sustainable low-carbon biofuel feedstock.
bp Products North America Inc. has entered into a long-term strategic partnership with Nuseed to develop its biofuel strategy. Both companies have agreed to partake in market development projects so that bp or its affiliates purchase Nuseed Carinata oil for processing or selling into growing markets to produce sustainable biofuels.
The agreement is for an initial 10-year term and will see Nuseed continue to develop and expand its existing network of growers, channel and supply chain partners to deliver Carinata oil to bp or its affiliates, with key steps of crop production independently audited and certified. Nuseed Carinata is a non-food cover crop that can be used to produce low-carbon biofuel feedstock.
“Sustainable biofuels have a vital role to play in decarbonizing transport. By working with Nuseed, we can use their sustainable feedstock to help decarbonize challenging transportation sectors such as aviation, supporting the production of sustainable aviation fuel (SAF) and other biofuels,” said Carol Howle, Executive Vice President, Trading & Shipping at bp.
"Los biocombustibles sostenibles tienen un papel fundamental en la descarbonización del transporte. Al trabajar con Nuseed, podemos utilizar su materia prima sostenible para ayudar a descarbonizar sectores de transporte desafiantes como la aviación, apoyando la producción de combustible de aviación sostenible (SAF) y otros biocombustibles", dijo Carol Howle, Vicepresidenta Ejecutiva de Trading & Shipping de bp.
“Nuseed Carinata is a proven, drop-in solution for biofuel processors that’s ready to scale globally on existing farmland between main food crops. This agreement enables us to accelerate the expansion of Carinata production to increase biofuel feedstock sustainably, while supporting higher economic returns on Nuseed’s investment in the Carinata platform,” added Brent Zacharias, Nuseed Group Executive.
Nuseed is currently increasing commercial production in Argentina and planning expansion programs in South America and the United States. Initial research and market development programs are also underway in Europe and Australia. bp expects to initially target low-carbon biofuel markets in Europe and North America.
