Etlas Joint Venture Positions bp and Corteva at the Center of Biofuel Supply Growth

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Etlas Joint Venture Positions bp and Corteva at the Center of Biofuel Supply Growth

(IN BRIEF) bp and Corteva have launched Etlas, a jointly owned venture focused on producing oilseed feedstocks for sustainable aviation fuel and renewable diesel. By combining bp’s downstream fuel capabilities with Corteva’s crop and seed expertise, Etlas aims to supply one million metric tonnes of feedstock annually by the mid-2030s, supporting rising global demand for low-carbon fuels while creating new income streams for farmers.

(PRESS RELEASE) LONDON, 8-Jan-2026 — /EuropaWire/ — bp has partnered with Corteva to launch Etlas, a new jointly owned venture focused on producing plant-based oil feedstocks for the growing global biofuels market. The 50:50 joint venture is designed to supply crops used in the production of sustainable aviation fuel (SAF) and renewable diesel (RD), supporting decarbonisation across commercial transport sectors.

Etlas combines bp’s downstream expertise in fuel refining, distribution and market access with Corteva’s long-standing leadership in seed innovation and crop science. Together, the partners aim to scale the production of oilseed crops such as canola, mustard and sunflower that are specifically developed for biofuel applications.

The feedstocks will be grown on existing agricultural land during periods between primary food crop cycles. This approach allows farmers to generate additional income while improving soil health, without increasing demand for arable land or displacing food production.

Etlas has set a target to produce around one million metric tonnes of biofuel feedstock annually by the mid-2030s. At that scale, the output could support the production of more than 800,000 tonnes of low-carbon fuels. Initial volumes are expected to enter the supply chain from 2027, serving both co-processing units at conventional refineries and dedicated biofuel facilities.

The venture is being launched against a backdrop of rapidly rising demand for alternative fuels. Global consumption of SAF is expected to increase sharply over the next decade, alongside strong growth in renewable diesel, driven by regulatory requirements and corporate decarbonisation commitments. Etlas is structured to provide a scalable, reliable source of feedstock to help meet this demand.

Leadership of the new company has also been confirmed. Ignacio Conti, currently Global Business Development Director at Corteva, will assume the role of Chief Executive Officer of Etlas. Gaurav Sonar, Vice President of Novel Feedstocks at bp, will serve as Chair of the Board of Directors.

bp said the joint venture strengthens optionality within its biofuels value chain, while Corteva highlighted the opportunity for agriculture to play a central role in delivering scalable, sustainable energy solutions and new revenue opportunities for farmers.

About Corteva

Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world’s most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

For more information, please visit www.bp.com 

Cautionary statement on forward-looking statements

This release contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like “estimates,” “expects,” “will,” “aims,” “believes,” “intends,” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the company’s expectations related to regulatory approvals, product development, product offerings and product, financial or sustainability performance are forward-looking statements. No obligation to update or revise any forward-looking statement, except as required by applicable law, is hereby undertaken and any such obligation is specifically disclaimed. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the “Risk Factors” section of Corteva’s Annual Report on Form 10-K, and as modified by subsequent reports on Form 10-Q and Current Reports on Form 8-K.

Media Contact:

bp press office, London: +44 7834 710054, bppress@bp.com

Corteva media team, Indianapolis: 773-849-1254, caroline.ahn@corteva.com

SOURCE: BP

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