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
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire