MOSCOW (MRC) -- Shell affiliate Equilon Enterprises has agreed with US agricultural company S&W Seed to establish a joint venture (JV) for developing new plant genetics for oil seed cover crops as feedstocks for biofuel production, said the company.
The JV intends to develop camelina (“Camelina sativa”) and other oilseed species from which oil and meal can be extracted, with initial grain production expected in late 2023.
Camelina is regarded as a scalable and commercially viable oilseed with the potential to be a sustainable feedstock source for the energy transition, S&W said in a statement on Tuesday.
S&W will contribute its expertise in seed research, technology, production, and processing to the JV, including its seed processing and research facilities in Nampa, Idaho.
The JV, named Vision Bioenergy Oilseeds LLC, will be jointly owned by Shell and S&W. Financial terms were not disclosed.
We remind, Shell Chemical Appalachia LLC announced it has commenced operations of its Pennsylvania Chemical project, Shell Polymers Monaca (SPM). The Pennsylvania facility is the first major polyethylene manufacturing complex in the Northeastern United States and has a designed output of 1.6 MMt annually.