Corteva signs MoU with bp for crop biofuel JV

Corteva, a U.S. agrochemical and seed company, announced on Nov. 18 that it has partnered with bp, Inc. in a joint interest to form a biofuel joint venture for crop-based feedstocks.

Corteva and bp have signed a non-binding Memorandum of Understanding (MoU) with the aim of establishing a joint venture that will progressively scale up production to one million tons of biofuel feedstock delivered annually for the production of SAF by the mid-2030s.