New agreement with bp that aims to accelerate the production of yet another lower-carbon plant-based biofuel feedstock to help meet the growing demand for sustainable aviation fuel (SAF).
Partnership brings together complementary skillsets to drive technology development at a commercial scale.
Builds on Nufarm and bp’s 10-year strategic offtake agreement in low-carbon biofuel feedstocks.
Nufarm announces an R&D collaboration with bp that aims to accelerate biomass oil technology development for bioenergy applications. This collaboration follows our previous announcement that Nufarm has partnered with a consortium of world-class research partners to further advance the technology that will enable this joint development agreement.
The collaboration aims to develop biomass oil technology for oil production in vegetative parts of crop plants, including leaves and stems. This has the potential to increase the availability of sustainable feedstocks for SAF production. It draws on complementary skillsets of Nufarm’s expertise in crop improvement and bp's processing and fuel technology.
According to ReFuelEU Aviation Legislation, SAF production currently accounts for about 0.5% of global jet fuel in the EU. An EU mandate requires that at least 2% of fuel at EU airports should be SAF by 2025, with requirements to build over time to reach at least 20% SAF by 2035 and 70% by 2050.
“This technology, and associated know-how, further enhances Nufarm’s novel, sustainable, and scalable oils strategy, in high biomass crops like energy cane and forage sorghum. It provides the potential for a new transformational oils platform,” says Greg Hunt, CEO Nufarm. “Together with key bioenergy partners like bp, we continue to support commercial markets that are not traditionally served by agriculture.”
Nigel Dunn, senior vice president biofuels at bp, says, “Biofuels can play a critical role in decarbonizing hard-to-abate sectors like aviation. We are delighted to expand on our collaboration with Nufarm and the complementary strengths that they bring. We look forward to working with them to unlock the potential of this technology and deepening the existing relationship we enjoy in scaling up the development of cover crops like carinata.”
Increased global demand for biofuels is being driven by the need to access sustainable sources of energy to help achieve global greenhouse gas (GHG) reduction targets and policy mandates. This agreement is another example of how Nufarm is partnering with key downstream partners to solve global challenges.
