Policy is driving the liquid fuels business to invest in lower-carbon intensity products and processing. As a result, the refining and agricultural industries have begun integrating to form new supply chains. What will be the impact on agriculture? Are Iowa, Mato Grosso and Saskatchewan the “new” Permian Basins? How will two industries with significant size differences and very different commodity cycles manage risk? Will emerging ventures make headway in cultivating new feedstock for advanced fuels?
The quality of natural carbon sinks as used in carbon markets attract scrutiny when used as carbon offsets. Meanwhile, new approaches in soil sequestration through low-carbon agricultural feedstocks offer opportunities to offset scope 3 emissions in the agricultural value chain, with new investment from both agriculture and oil / energy companies. What is the state of science for estimating the carbon impact of these new agricultural technologies? What potential scale do these technologies have? What partnerships are needed to accelerate innovation in this area?
As the demand for biofuel grows, the agriculture and feedstock industries have started to gear up to meet the new demand and balance it with on-going food consumption which has and continues to be the major market for agricultural products. Balancing food and fuel have brought a wave of expansion for vegetable oil production, redirected trade flows of fats and grease, driven a new era of innovation to expand feedstock output and lowered the carbon footprint of agricultural products for food and biofuels. How are the agriculture, food and biofuel sectors balancing the appetite for multiple agricultural products?