Published by Todd Bush on May 6, 2026
ST. LOUIS--(BUSINESS WIRE)--Bayer, a life science company, and bp, a global integrated energy company, today announced that they have entered into a long-term strategic alliance to jointly scale the crop camelina, under the brand name newgold®.
The alliance will commercialize camelina starting in North America. bp brings expertise in fuels and refining, while Bayer will utilize its industry leading expertise in seed technology, as well as its extensive farmer customer base. The alliance aims to further develop a reliable intermediate oilseeds market to help meet the growing demand for biodiesel, renewable diesel (RD) and sustainable aviation fuel (SAF) markets which is estimated to increase from 14 billion to 40 billion gallons by 2040.1
>> In Other News: Deep Tech Startup Reduciner Introduces Novel Technology to Turn Captured Carbon Into Sustainable Fuels
“This alliance will help us to connect the value chain necessary to bring camelina to market and provides our farmer customers greater market certainty as they consider camelina on their farm,” said Frank Terhorst, head of strategy and sustainability for Bayer’s Crop Science division. “We are utilizing our industry leading breeding program to enhance the crop, and its untapped potential globally to help meet the needs of this growing market. We see this as a win for our customers and their farms, as it creates potential new revenue streams, but also a win for the renewable fuels market.”
Philipp Schoelzel, senior vice president biofuels growth at bp, commented: “This collaboration represents bp at its best. Working with trusted partners with complementary capabilities to develop products customers want and need, while delivering value for our shareholders.”
This announcement follows Bayer’s acquisition of camelina assets in late 2024. As Bayer ramps up production in preparation of a full-scale launch, testing of long and short season biotypes is underway. Bayer has already introduced newgold camelina in the Northern Plains of the US and Southern Saskatchewan and Southern Alberta regions of Canada.
Camelina has a promising lower-carbon intensity for renewable fuel,2,3,4 offering flexibility to grow in both spring and winter, and requires lower inputs. Camelina is winter hardy, offering pod shatter resistance and drought tolerant characteristics allowing it to be grown on idle or fallow land, or in-between traditional main crop rotations, allowing farmers to avoid potential competition with food production.
Camelina crops sold under the newgold® seed brand will be designed with the goal of acting as a profit multiplier, giving growers the flexibility to decide how and where it fits best in their operation:
This flexibility will allow farmers to participate in the low-carbon fuel economy while maintaining control over their agronomic and financial decisions.
Biofuels can play a key role in helping to decarbonize the transportation sector since electrification may not be feasible in all transportation systems like aviation, rail, heavy duty equipment or marine. Biofuels can be produced from renewable organic materials like corn, soy, canola and other intermediate oilseed crops, such as camelina.
**Bayer
**Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. In line with its mission, “Health for all, Hunger for none,” the company’s products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🧪 Charm Industrial Secures 61,500-Ton Carbon Removal Purchase and $20 Million Debt Financing to Catalyze Growth ✈️ IATA Urges Bigger Green Aviation Fuel Push as Production Stagna...
Inside This Issue 🏗️ Louisiana Blocks Parish CCS Bans to Protect $20B Pipeline ⛽ Hyperfuels and Terra Mater Form Strategic Partnership on Low-Carbon Fuel 🌿 Skytree Announces First Commercial Skytr...
Inside This Issue 🧠 Enchant Energy Offers a Carbon Answer to America's Surging AI Data Center Demand 🌊 Carbon Dioxide Removal Will Need to Scale Faster Than Solar to Meet Climate Targets 🌱 Graphyt...
NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) -- Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, and Amun Energy, a subsidiary company of GS Engineering & Constructi...
Vema's Engineered Mineral Hydrogen could supply regional industry and seaborne export markets from the Pipestone XL Project in central Newfoundland. The Pipestone Ophiolite Complex spans 30 kilome...
AKRON, Ohio--(BUSINESS WIRE) -- Babcock & Wilcox (B&W) (NYSE: BW) today announced it is collaborating with TerraSpark in support of its planned energy generation project in West Virginia. T...
IATA Urges Bigger Green Aviation Fuel Push as Production Stagnates and Prices Rise
IATA’s comments come after the production of sustainable aviation fuel has stagnated since December 2025. RIO DE JANEIRO – It is “obviously problematic” that prices of sustainable aviation fuel ha...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.