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