- Repsol and Bunge (BG, Financial) collaborate to develop renewable fuels using novel intermediate crops.
- Innovative feedstocks like camelina and safflower could reduce emissions by up to 90%.
- The partnership aims to decarbonize industries and mobility in Europe through renewable fuel developments.
Repsol and Bunge (BG) have announced a significant initiative aimed at advancing the development of renewable fuels across Europe. The collaboration focuses on utilizing intermediate novel crops, such as camelina and safflower, to produce low-carbon intensity oils. These oils will serve as vital feedstock in the production of hydrotreated vegetable oil (HVO), offering an effective alternative to conventional diesel fuel and providing sustainable aviation fuel (SAF) to aid in the decarbonization of air travel.
This initiative marks a progressive step in enhancing the availability of low-carbon feedstocks, achieving emission reductions of up to 90% compared to traditional diesel. Repsol is set to apply its cutting-edge technology within its industrial facilities in Spain, transforming these oils into renewable energy solutions.
The strategic partnership with Bunge, a leader in the vegetable oils industry, is expected to bolster Repsol's ongoing efforts to achieve net-zero emissions by 2050. Repsol aims to establish a comprehensive framework, ensuring a steady supply of these innovative low-carbon feedstocks essential for producing sustainable fuels.
Through this collaboration, Bunge (BG, Financial) leverages its expertise in oilseed processing and its extensive network of farming partners to promote the adoption of these new crops, which are specifically designed for planting on fallow lands. This move not only creates new income opportunities for farmers but also contributes positively to soil health and biodiversity.
Repsol’s commitment to transforming its industrial assets into multi-energy hubs will fortify its position as a prominent player in the renewable fuels sector, with a projected production capacity reaching up to 2.7 million tons by 2030.
