A field of carinata
BP signs sustainable biofuel feedstock deal
Ten-year deal with agribusiness Nuseed gives oil major supply of carinata oil to process or trade into growing market
BP has signed a 10-year offtake deal with Australia-based agribusiness Nuseed under which it will buy non-food crop carinata oil, a feedstock for sustainable biofuels production. Under the deal, BP or its affiliates will buy carinata oil to process or to sell to other sustainable biofuel producers through its trading and shipping operation. BP says it expects to initially target low-carbon biofuel markets in Europe and North America. “By working with Nuseed, we can use their sustainable feedstock to help decarbonise challenging transportation sectors such as aviation, supporting the production of sustainable aviation fuel and other biofuels,” says Carol Howle, executive vice-president, tradi
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
