Corteva, Bunge Announce Partnership to Develop Winter Canola Hybrids for Renewable Fuel
Indiana-based Corteva Agriscience is partnering with Bunge and Chevron to develop winter canola hybrids to produce renewable fuels in the U.S.
The companies plan to introduce the winter canola crop into the southern United States with an intention to create a new revenue opportunity for farmers with a sustainable crop rotation.
The proprietary winter canola hybrids from Corteva can be used in a double crop system, following soybeans or cotton.
Bunge Chevron Ag Renewables, the joint venture between Bunge and Chevron, plans to contract with farmers to purchase the harvested winter canola crop and use the oil to produce renewable fuel.
“We’re pleased to work with Bunge and Chevron to bring a new option in the southern U.S. that will deliver solutions for farmers to increase productivity and sustainability on their acres, as well as contribute to the need for renewable and less carbon-intensive fuel options,” said Chuck Magro, CEO of Corteva Agriscience.
“Rotational cover crops play a key role in our strategy to continue to develop next generation lower carbon feedstocks. As a leader in oilseed processing, we are pleased to work together with Corteva and Chevron to bring this crop innovation to farmers and process it into sustainable solutions for consumers. This is another step in our commitment to creating clear paths to support the decarbonization of the industry,” said Greg Heckman, CEO of Bunge.
A pilot program is being conducted during the 2022-23 growing season.