Terviva Receives Funding from Chevron Renewable Vitality Group to Scale Renewable Pongamia for Biofuel Manufacturing.
Terviva, Inc., an agricultural innovation firm working with farmers to develop and harvest pongamia for meals, feed and gasoline, right this moment introduced its funding from Chevron Renewable Vitality Group. Collectively, the 2 corporations count on to scale Terviva’s pongamia-growing operations and drive higher availability of pongamia as a feedstock for renewable fuels manufacturing. The brand new association indicators Terviva’s strategic progress and international scalability in addition to the development of pongamia as a decrease carbon useful resource for biofuels manufacturing.
Terviva’s elite pongamia cultivars have been developed over 15 years of analysis trials spanning almost 2,000 acres within the U.S. and Australia. Terviva’s pongamia timber produce three or extra metric tons of beans per acre, which characteristic a excessive oil content material. The harvested beans are processed to supply oil, which might then be used as a feedstock, or uncooked materials, for the biofuels business. The mixture of excessive oil yields with low inputs can create biofuels with diminished greenhouse fuel emissions in comparison with conventional fossil fuels.
Naveen Sikka, founder, and CEO of Terviva, mentioned:
Crude pongamia oil might be transformed into biodiesel, renewable diesel, or sustainable aviation gasoline (SAF).
“In working with Chevron Renewable Vitality Group, we will improve the provision of feedstocks for manufacturing of those fuels whereas selling our mission to revitalize agricultural land and communities. This relationship advantages stakeholders up and down the worth chain, from farmers cultivating pongamia to fleets on the lookout for decrease carbon fuels,”
“Collectively, Chevron Renewable Vitality Group and Terviva are producing financial alternatives and selling environmental stewardship.”
As a regenerative tree crop, pongamia has a constructive influence. Pongamia is resilient and may survive with erratic water entry and tolerate excessive warmth. Moreover, pongamia’s nitrogen-fixing properties enrich soils whereas lowering reliance on artificial fertilizers.
Jan Slaghekke, Vice President of Enterprise Growth and Worldwide Operations for Chevron Renewable Vitality Group, mentioned:
Growing the provision of decrease carbon feedstocks for renewable fuels manufacturing goes to be an integral part for continued progress of the biofuels business.
“We’re excited by the work Terviva is doing to scale the manufacturing of pongamia as a decrease carbon feedstock for the biofuels business and look ahead to our relationship in serving to this attain additional commercialization.”
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Terviva Receives Funding from Chevron Renewable Vitality Group to Scale Renewable Pongamia for Biofuel Manufacturing. supply
