Bunge and Chevron to build new oilseed processing plant

Bunge and Chevron have approved a final investment decision for their joint venture in building a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Destrehan, Louisiana.
The announcement was celebrated with a ground-breaking event at the site.
The plant features a flexible design, intended to allow it to process soybeans as well as soft seeds, including novel winter oilseed crops, such as winter canola.
Expected to be operational in 2026, the processing facility aims to add scale and efficiencies to Bunge Chevron Ag Renewables that will allow the company to better meet the increased market demand for renewable fuel feedstocks. The plant is also intended to support the growing feed and protein markets through the production of meal products.
“This new facility is another step in our long-term strategy to improve our capabilities at scale for the renewable fuels market and to reduce the carbon intensity of our own and our customers' value chains,” said Luciano Salvatierra, Bunge’s senior vice-president, renewable fuels.
“Having greater ability to process soft seeds, including novel winter oilseed crops, will help advance our innovation in the feedstock space and meet the growing demand for renewable fuels,” said Stacey Orlandi, director, manufacturing, Chevron Renewable Energy Group.
“Investments like this one help support farmers and consumers while reducing the lifecycle carbon intensity for transportation fuels.”
Bunge Chevron Ag Renewables is focused on developing renewable fuel feedstocks leveraging Bunge’s expertise in oilseed processing and farmer relationships and Chevron’s expertise in renewable fuels production and marketing.