Corteva and bp have established a 50:50 joint venture called Etlas to produce biofuels from crops, aiming to significantly meet the rising global demand for sustainable aviation fuel and renewable diesel.

Target Information

Corteva Inc. and bp have launched a new joint venture called Etlas, wherein both companies equally share ownership. This venture aims to produce biofuels from crops such as canola, mustard, and sunflower. By leveraging Corteva’s extensive expertise in seed technology and bp’s refining and marketing capabilities, Etlas is positioned to meet the burgeoning demand for sustainable aviation fuel (SAF) and renewable diesel (RD).

Etlas is targeting an annual production capacity of one million metric tonnes of feedstock by the mid-2030s, which could yield over 800,000 tonnes of biofuel. Initial production is anticipated to commence in 2027, utilizing a blend of co-processing at refineries and dedicated biofuels plants.

Industry Overview

The demand for sustainable aviation fuel (SAF) is rapidly increasing, with projections indicating an increase to 10 million tonnes by 2030, a significant rise from one million tonnes in 2024. Similarly, the demand for renewabl