Bayer and Neste close commercial agreement to jointly scale newgold® winter canola for biofuels production
Caroline Randall
Marketing Manager
Bayer and Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel, have finalized a commercial agreement to jointly scale Bayer’s newgold® winter canola.
The collaboration will enable Bayer to significantly expand acres of winter canola in the Southern Great Plains of the US, strengthening the oilseed supply potential of lower-carbon-intensity feedstocks to meet the growing global demand for biofuels such as renewable diesel and sustainable aviation fuel, which is estimated to increase almost threefold reaching approximately 40 billion gallons by 2040. The high protein meal from the winter canola grain will be sold into the feed market, offering additional feed sources for dairy and beef cattle, poultry and swine markets.
