Bayer and Neste have finalised 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.
“In times of geopolitical tensions, the need for more energy security and resilience while decarbonising the transportation sector leads to growing demand for renewable fuel. This agreement further underscores Bayer’s commitment to help scale biofuels production,” said Frank Terhorst, head of strategy and sustainability for Bayer’s Crop Science division.
“We see the Southern Great Plains as an untapped opportunity for winter canola. The launch of newgold® winter canola will provide farmers with a profitable rotational crop with wheat and improve land utilisation, while offering the opportunity to participate in a growing biofuels market.”
Bayer and Neste are establishing a newgold® network with additional value chain partners, to support the expansion of winter canola and ensure an additional market for farmers.
“Maximising the contribution of novel types of raw materials to support growth in renewables requires open supply chain collaboration. By building robust value chains, we can turn agricultural innovations into scalable realities for growers and energy markets. Through the Bayer newgold® winter canola collaboration, we are establishing a value chain in one of Neste’s key markets and developing opportunities to increase farm yields and grower income,” said Artturi Mikkola, senior vice-president, renewable products feedstock sourcing and trading at Neste.
Bayer aims to launch newgold® winter canola hybrids in the autumn of 2027.
