Corteva, Bunge, Chevron Target Renewable Fuels With Winter Canola
14 Marzo 2023 - 7:07AM
Noticias Dow Jones
By Colin Kellaher
Corteva Inc., Bunge Ltd. and Chevron Corp. on Tuesday said they
will work together to introduce winter canola hybrids that produce
plant-based oil with a lower carbon profile in a bid to boost the
availability of feedstocks for the growing domestic renewable-fuels
market.
The companies said the proprietary winter canola hybrids from
seed and pesticide maker Corteva can be used in a double crop
system, following soybeans or cotton.
Bunge Chevron Ag Renewables, a joint venture between
agribusiness giant Bunge and oil major Chevron, plans to contract
with farmers to buy the harvested winter canola crop and use the
oil to produce renewable fuel, the companies said.
Corteva, Bunge and Chevron said the winter canola crop, which
they plan to introduce into the southern U.S., will create a new
revenue opportunity for farmers with a sustainable crop rotation,
adding that they expect to conduct a pilot program in the 2022-23
growing season.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 14, 2023 08:52 ET (12:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Chevron (NYSE:CVX)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Chevron (NYSE:CVX)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024