Corteva Inc (NYSE: CTVA) and bp (NYSE: BP, LSE: BP.L) have announced the launch of Etlas, a 50:50 joint venture focused on producing crop-based oil feedstock for use in sustainable aviation fuel (SAF) and renewable diesel (RD). Etlas will source oil from crops such as canola, mustard, and sunflower, combining Corteva’s long-standing expertise in seed technology with bp’s experience in fuel refining, distribution, and commercial energy markets. The venture is designed to support the growing global demand for lower-carbon fuels, particularly in aviation and heavy transport, where decarbonisation options remain limited.
The joint venture plans to reach annual production of approximately one million metric tonnes of feedstock by the mid-2030s. This volume could support the production of more than 800,000 tonnes of biofuel. Initial supply is expected to begin in 2027, with feedstock used both in co-processing at existing refineries and in dedicated biofuel facilities.
Industry estimates indicate that global demand for SAF could rise from about one million tonnes in 2024 to as much as 10 million tonnes by 2030. Over the same period, renewable diesel demand is expected to increase from around 17 million tonnes to approximately 35 million tonnes. Etlas is positioned to provide a reliable and scalable feedstock supply to help meet part of this anticipated demand.
The crops used by Etlas will be grown on existing agricultural land between primary food crop cycles. These intermediate crops are expected to improve soil health, create an additional income stream for farmers, and avoid the need for new land conversion, as they are planted during periods when land would otherwise remain fallow.
Ignacio Conti, Global Business Development Director at Corteva, has been appointed Chief Executive Officer of Etlas, while Gaurav Sonar, Vice President for Novel Feedstocks at bp, will serve as Chair of the Board.
Commenting on the launch, Mr Conti said the venture reflects the important role agriculture can play in supporting the transition to lower-carbon fuels, while creating new opportunities for farmers. Representatives from both parent companies noted that the joint venture strengthens their respective biofuels strategies by linking agricultural innovation with energy production and fuel markets.
Corteva, Inc (NYSE: CTVA) is a global, pure-play agriculture company focused on addressing the world’s most critical agricultural challenges through leading innovation, strong customer relationships, and disciplined operational execution. The company delivers differentiated value through a unique distribution model and a well-balanced, geographically diverse portfolio of seed, crop protection, and digital solutions. Supported by some of the most recognized brands in agriculture and a robust technology pipeline, Corteva is positioned for sustained growth. The company remains committed to helping farmers maximize productivity while collaborating across the food system to enhance outcomes for both producers and consumers, driving long-term progress for generations to come.
