The global renewable diesel market, valued at $3.8 billion as of 2020, has witnessed unprecedented growth in the last few years due to the growing demand for clean energy and government policies to promote renewable diesel2. The sustainable aviation fuel market size is projected to grow to a CAGR of 72.4% to $15 billion by 20303.
When crushed, the resulting CoverCress oil is an ideal feedstock for producing renewable diesel and sustainable aviation fuel because of its low carbon intensity score, equal to or less than used cooking oil.
Our Dedicated Product Offtake Agreement with Bunge
CCI was pleased to announce a long-term commercial partnership with Bunge and Chevron this Spring. The agreement establishes a long-term commercial relationship between Bunge and CCI that supports the expansion of the CoverCress technology and advances Chevron's efforts to secure a diversified source of lower carbon intensity and reliable feedstocks for its joint venture with Bunge. The agreement provides CCI with a dedicated, long-term customer for CoverCress grain. It also establishes Bunge's role in purchasing and processing CoverCress grain, which Bunge will then market as oil and meal products. Click here to learn more.
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[1] Farm Animal Feed Production Industry Report, IBIS World.
[2] http://ethanolproducer.com/
[3] www.marketsandmarkets.com: Sustainable Aviation Fuel Market