The initiative aims to meet the growing demand for sustainable aviation fuel (SAF) as the aviation sector decarbonises. Credit: Ivan Marc/Shutterstock.

Agriculture company Corteva, in collaboration with British oil and gas company BP, has announced its intent to form a joint venture (JV) aimed at producing crop-based biofuel feedstocks.

This initiative is set to support the increasing demand for sustainable aviation fuel (SAF) as the aviation sector moves towards decarbonisation.

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The two companies are optimistic about finalising definitive agreements by 2025, with the JV expected to become operational later that year.

The JV will focus on scaling up to deliver one million metric tonnes of biofuel feedstocks annually for SAF production by the mid-2030s.

Corteva chief strategy officer Brook Cunningham said: “This partnership is proof positive that agriculture can continue to be part of the solution to the world’s decarbonisation opportunities, including by leveraging Corteva’s technology, global scale, and unique grower relationships.

“We are excited at the prospect of partnering with bp to help the European airline industry become more sustainable while giving farmers a new source of income.”

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Corteva’s strategy involves contracting with farmers across North and South America and Europe to cultivate specific crops like mustard seed, sunflower, and canola.

These crops are not only staples in large-scale agriculture but are also well-suited for SAF production.

The JV aims to introduce new cropping systems that comply with EU RED III criteria and are eligible for US Low Carbon Intensity policy incentives, providing farmers with a new source of income.

bp executive customers and products vice president Emma Delaney said: “We see great potential in a partnership with Corteva – together, we are well positioned to deliver value through leveraging Corteva’s technology and grower relationships and bp’s refining and trading capabilities.”

Countries worldwide are implementing policies to encourage the use of SAF. The European Union (EU) has set a mandate starting in 2025 that requires a minimum SAF content in fuel used at EU airports, with targets increasing to 20% by 2035 and 70% by 2050.