Corteva announces intent to partner with bp

Corteva (CTVA) announced a collaboration with bp (BP) on the companies’ shared intent to form a crop-based biofuel feedstock joint venture, JV. The JV envisaged by Corteva and bp would produce and deliver crop-based biofuel feedstocks to help meet the anticipated growth in demand for ‘sustainable aviation fuel’. “This partnership is proof positive that agriculture can continue to be part of the solution to the world’s decarbonization 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,” said Corteva Chief Strategy Officer, Brook Cunningham.