Spanish multi-energy company Repsol is working in partnership with global agribusiness giant Bunge to promote the use of intermediate crops, specifically camelina and safflower, in renewable fuel production.
As part of the initiative, camelina and safflower would be processed into low-carbon intensity oils and used as feedstock to produce hydrotreated vegetable oil (HVO) or sustainable aviation fuel (SAF), Bunge said on 24 April.
“Through industry collaborations, we are adding new oil sources to our global supply chains and investing in processing plants with greater ability to handle and process these crops,” said Julio Garros, co-president of agribusiness at Bunge.
Last year, the companies announced they would be working in partnership on a renewable fuel project in Spain to develop lower carbon intensity feedstocks.
As part of the agreement, Repsol would acquire 40% of three industrial facilities that were part of Bunge Iberica – one of Bunge’s subsidiaries in the Iberian Peninsula – for a total of US$300M and up to US$40M in contingent payments, the companies said on 26 March.
