BP p.l.c.

Partnership will leverage Corteva technology and bp integrated downstream capabilities to produce and deliver biofuel feedstocks to global markets

Ignacio Conti to be CEO, Gaurav Sonar to be Chair of the Board of Directors

INDIANAPOLIS and LONDON, Jan. 7, 2026 /PRNewswire/ -- Corteva Inc. (NYSE: CTVA) and bp (NYSE: BP, LSE: BP.L) today announced the launch of Etlas, their new 50:50 joint venture that will produce oil from crops – including canola, mustard and sunflower – for use in the production of biofuels like sustainable (or synthetic) aviation fuel (SAF) and renewable diesel (RD). Etlas will harness both Corteva's century-long expertise in seed technology to develop crops ideally suited to produce SAF and RD as well as bp's expertise in refining and marketing fuel for the commercial transportation market.

Etlas aims to produce one million metric tonnes of feedstock per year by the mid-2030s, which could produce over 800 thousand tonnes of biofuel. Initial supply is scheduled to begin in 2027 for use in co-processing at refineries as well as at dedicated biofuels plants.

Leading industry estimates have global demand for SAF growing to as much as 10 million tonnes by 2030¹ -- from about 1 million tonnes in 2024, while global demand for RD could rise to as much as 35 million tonnes by 2030² from approximately 17 million tonnes in 2024. Etlas is designed to provide a reliable, scalable supply of feedstock to help meet this expected demand. 

The feedstock Etlas uses will be harvested from crops that are grown on existing cropland, between main food cropping seasons.  Such intermediate crops can help improve soil health while providing farmers with a new revenue stream. As they use existing cropland during times when it has previously been unproductive like a fallow or cover period, they also do not lead to additional demand for land.  

Judd O'Connor, executive vice president of Corteva's seed business unit added: "By helping found Etlas, Corteva continues to deliver on two critical parts of our mission: to help fuel the world and to support farmers. Agriculture is part of the solution, and we are excited to see Etlas come to life."  

Philipp Schoelzel, senior vice president, biofuels growth, bp added: "This capital light joint venture creates optionality in our biofuels value chain, strengthening our position and helping deliver attractive returns. We're excited to collaborate with Corteva to deliver what our customers want."

Ignacio Conti, Global Business Development Director at Corteva will be the new Etlas Chief Executive Officer and Gaurav Sonar, vice president, Novel Feedstocks at bp will become its Chair of the Board of Directors.

"As the aviation industry looks for reliable, sustainable and cost-competitive sources of SAF, it is clear farmers have a critical role to play," said Etlas CEO, Ignacio Conti. "Etlas brings together global leaders in agriculture innovation and energy production to harness this demand by leveraging technological expertise and trusted relationships with farmers around the world to help scale production and boost supply while offering farmers new revenue streams."

About Corteva

Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at  www.corteva.com.

About bp

For more information, please visit www.bp.com 

Cautionary Statement on Forward-Looking Statements

This release contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like "estimates," "expects," "will," "aims," "believes," "intends," or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the company's expectations related to regulatory approvals, product development, product offerings and product, financial or sustainability performance are forward-looking statements. No obligation to update or revise any forward-looking statement, except as required by applicable law, is hereby undertaken and any such obligation is specifically disclaimed. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the "Risk Factors" section of Corteva's Annual Report on Form 10-K, and as modified by subsequent reports on Form 10-Q and Current Reports on Form 8-K.

¹ Financing Sustainable Aviation Fuels: Case Studies and Implications for Investment | World Economic Forum

² IEA Renewable Energy Progress Tracker – Accelerated Scenario (42.7 billion litres converted to tonnes)

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SOURCE Corteva Agriscience

Qualified Investors and Analysts Can Register at No Cost at  www.enercomdenver.com

Deadline to Submit One-on-One Meeting Requests to Presenting Companies is Friday, August 8th 

Registration still available for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies at www.enercomdenver.com

DENVER, Aug. 6, 2025 /PRNewswire/ -- EnerCom, Inc., a leading energy consulting and strategic communications firm, is pleased to announce that Andrew Rapp, Senior Advisor in the U.S. Department of Energy, has been confirmed as the keynote luncheon speaker on Monday, August 18^th, at EnerCom Denver – The Energy Investment Conference.

Other keynote speakers participating in the conference include Ron Gusek, CEO of Liberty Energy, Chad Zamarin, CEO of Williams, and Craig Bealmear, CFO of Oklo.

For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year's conference will occur August 17-20, 2025, at The Westin Denver Downtown. 

Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at www.EnerComDenver.com. The conference is free for qualified investment professionals. 

About Andrew Rapp

Andrew Rapp is a Senior Advisor in the United States Department of Energy, where he works closely with Secretary Chris Wright to advance energy abundance, reliability, and security in the United States and abroad. Prior to his appointment to the Department of Energy, Andrew was a co-founder and Vice-Chairman of Petrie Partners, an energy-focused, boutique investment bank specializing in strategic transaction advisory assignments. Before forming Petrie in 2011, Andrew was a Managing Director of Bank of America Merrill Lynch in the Energy and Power Group. Andrew joined Bank of America Merrill Lynch as part of Merrill Lynch's acquisition of Petrie Parkman & Co. in 2006.

During his 25-year investment banking career, Andrew completed 185 merger, divestiture, joint venture, and financing transactions totaling over $200 billion in consideration while working with public and private energy companies and sovereign entities throughout the United States and the world. He advised on 30 corporate mergers involving publicly traded companies, including the $68 billion merger of Pioneer Natural Resources and ExxonMobil, the largest energy transaction of the 21st century, and largest global transaction in 2024.

Andrew earned his B.A. in Economics, Policy Studies, and Managerial Studies from Rice University.

The full schedule for the conference can be found at  www.enercomdenver.com.

EnerCom Denver Investor Conference Details

In its 30^th year, the conference kicks off with the annual Charity Golf Tournament on Sunday, August 17th at the scenic Arrowhead Golf Club. The golf event is sponsored by global sponsor Netherland, Sewell & Associates and EnerCom. The tournament is a fundraiser for IN! Pathways to Inclusive Higher Education. By participating in the charity golf tournament, requiring a $150 donation, you directly contribute to creating inclusive college opportunities in Colorado for students with intellectual disabilities and fostering academic growth, social development, and career advancement.  

EnerCom Denver also hosts a Monday Mixer cocktail reception after day one of conference presentations, which is sponsored by ATB Capital Markets. This valuable opportunity for attendees to enjoy appetizers, drinks, and live music while networking with other conference participants and key representatives from the energy industry shouldn't be missed.   

Casino Night, sponsored by CAC Specialty, follows day two of the conference; experience the entertainment, fun, and excitement of playing in a real casino environment with "funny money" (no cash value, for entertainment only) at the poker, blackjack, roulette, and craps tables manned by professional dealers. This year will also include a charity poker tournament. Join us for a night of revelry, music, good food, and drinks, and it is open to all conference attendees.  

Please join us after the conference concludes on Wednesday afternoon with a closing reception as we reflect on the 2025 Conference. 

Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at www.EnerComDenver.com. The conference is free for qualified investment professionals. 

Companies interested in presenting can contact Larry Busnardo at lbusnardo@enercominc.com.

Sponsorship opportunities are available by contacting Blanca Andrus at bandrus@enercominc.com.

The presenting company lineup as of August 5, 2025, includes: 

• Advantage Energy (TSX: AAV) 
• Amplify Energy (NYSE: AMPY)
• Anschutz Exploration
• APA Corp. (NASDAQ: APA)
• Armstrong Oil & Gas
• Aureus Energy Services
• Baytex Energy  (NYSE/TSX: BTE) 
• Berry Corporation (NASDAQ: BRY) 
• Bison Oil & Gas IV 
• BKV (NYSE: BKV)
• Blackbeard Operating
• bpx energy (NYSE: BP)
• CanCambria Energy (TSXV: CCEC; OTCQB: CCEYF) 
• Deep Blue Water
• Deep Fission
• Deep Isolation
• Diversified Energy (NYSE/LSE: DEC) 
• DNOW (NYSE: DNOW) 
• Drilling Tools International (NASDAQ: DTI)
• EnerCom
• Energy Fuels (NYSE: UUUU; TSX: EFR)
• Eni SpA (NYSE: E) 
• EOG Resources (NYSE: EOG)
• Epsilon Energy (NASDAQ: EPSN)
• ESal
• Flotek Industries (NYSE: FTK) 
• Freehold Royalties (TSX: FRU)
• Fundare Resources
• Gondola Resources
• Gran Tierra Energy (NYSE/TSX/LSE: GTE) 
• Granite Ridge Resources (NYSE: GRNT)
• GreenFlare Technology
• Haynes Boone 
• Hemisphere Energy (TSX: HME; OTCQX: HMENF) 
• Kelt Exploration (TSX: KEL) 
• KODA
• Liberty Energy (NYSE: LBRT) 
• Logan Energy (TSXV: LGN)
• LOGOS Energy
• Mach Natural Resources (NYSE: MNR) 
• Meren Energy (TSX: MER) 
• NCS Multistage (NASDAQ: NCSM) 
• New Era Helium (NASDAQ: NEHC) 
• NuVista Energy (TSX: NVA) 
• NXT Energy Solutions (TSX: SFD; OTCQB: NSFDF)
• Oklo (NYSE: OKLO)
• Parex Resources (TSX: PXT; OTCMKTS: PARXF) 
• Petrie Partners
• PGIM Private Capital
• Prairie Operating (NASDAQ: PROP) 
• Precision Drilling (NYSE: PDS; TSX: PD) 
• Prospera Energy (TSX: PEI; OTC: GXRFF) 
• Providence Energy 
• Raisa Energy 
• ReconAfrica (TSXV: RECO; OTCQX: RECAF; Frankfurt: 0XD) 
• Renewell Energy
• Riley Permian (NYSE: REPX)
• Ring Energy (NYSE: REI) 
• SandRidge Energy (NYSE: SD)
• Saturn Oil & Gas (TSX: SOIL; OTCQX: OILSF) 
• Select Water Solutions (NYSE: WTTR) 
• SM Energy (NYSE: SM)
• Solestiss  
• Spartan Delta (TSX: SDE) 
• Surge Energy America
• Tamarack Valley Energy (TSX: TVE) 
• Tenaz Energy (TSX: TNZ)
• Teren 
• Ubiterra
• U.S. Energy Development Corporation
• UpCurve Energy  
• Valeura Energy (TSX: VLE; OTCQX: VLERF)  
• Verde EOR Solutions 
• Vermilion Energy (NYSE/TSX: VET) 
• Vero3
• Vitesse Energy (NYSE: VTS) 
• Whitecap Resources (TSX: WCP) 
• Williams  (NYSE: WMB)
• Zephyr Energy (AIM: ZPHR; OTCQB: ZPHRF) 

Conference Overview

Conference Details:  EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy value chain update investors on their operational and financial strategies and learn how they create value for stakeholders.

Conference Dates: August 17–20, 2025. EnerCom will host its annual Charity Golf Tournament on Sunday, August 17th at the scenic Arrowhead Golf Club in Littleton, Colorado. Benefitting IN! Pathways to Inclusive Higher Education, the Golf Tournament requires a $150 charity donation to participate. Formal presentations and meetings will be held Monday, August 18th, through Wednesday, August 20th.

Venue:  Westin Denver Downtown. Please book rooms under the EnerCom Denver block. We encourage attendees to book their reservations as soon as possible, as rooms sell out.

Who Attends the Conference: Institutional investors, family offices, high-net-worth investors, private equity, research analysts, retail brokers, trust officers, investment and commercial bankers, and energy industry professionals gather in Denver for the conference.

Conference Format and Details: The EnerCom Denver conference follows EnerCom's familiar 25-minute presentation format, followed by 50-minute Q&A opportunities in separate breakout rooms, one-on-one meetings, and multiple networking opportunities. In addition to in-person access to all company presentations, panel discussions, and keynote speakers, conference registration allows investors and management teams to meet formally and informally over cocktails, breakfast, and lunch.

About EnerCom, Inc.:

Founded in 1994, EnerCom, Inc. has been a trusted advisor to the global energy industry, working with clients to differentiate and deliver targeted messages to investors. Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design. 

For more information about EnerCom and its services, please visit www.enercominc.com or call (303) 296-8834 to speak with one of our consultants.

EnerCom Denver Sponsors Include: 

Netherland, Sewell & Associates, Inc. (NSAI) 

Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. netherlandsewell.com 

Haynes Boone 

Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. Our team of more than 100 energy lawyers and landmen has been helping operators, lenders, and private equity firms with some of their most complex and significant transactions and disputes in recent years. The firm's nearly 700 lawyers practice across 19 global offices located in California, Colorado, Illinois, New York, North Carolina, Texas, Virginia, Washington, D.C., London, Mexico City, and Shanghai. The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. The U.S. News & World Report and Best Lawyers "Best Law Firms" 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law. haynesboone.com 

Baker Botts

For over 100 years, Baker Botts has been helping energy clients tackle the toughest of their legal challenges. Our deep bench of experienced transactional, environmental, litigation, regulatory, IP, and tax lawyers has helped companies all across the energy industry. Throughout this time we have served as trusted advisors to companies working in every sector of energy — from oil and gas to conventional and renewable power to renewable fuels to LNG and many other related areas. Much of this work has involved our clients' development and deployment of new energy technologies, which has allowed our lawyers to practice at the cutting edge of every energy "revolution" since the turn of the last century.

Wherever significant energy is produced in the world, Baker Botts lawyers work to advance our clients' objectives in the boardroom, the courtroom, and on-the-ground, drawing upon our deep understanding of the complex legal, technical and policy issues that they face. bakerbotts.com

ATB Capital Markets

ATB Capital Markets offers holistic corporate and capital markets advice, combined with customised financial solutions to help businesses thrive. We're a full-service financial services provider for key industries. Backed by ATB Financial, a leading financial institution with $62.0 billion in assets, ATB Capital Markets helps clients with services that include investment and corporate banking, sales and trading, institutional research, and risk management. atb.com

CAC Specialty

CAC Specialty is an employee owned risk solutions company of seasoned and proactive industry leaders, operating as a nimble and collaborative partner who puts you and your business first.  With a knowledge-driven approach informed by industry data and decades of honed instinct, CAC brings an innovative vision to insurance broking and merchant banking by providing solutions to solve your risk challenges – from the simple to the previously unsolvable. Backed by a $40B AUM asset manager and not constrained by traditional risk transfer thinking, CAC can expand the range of risk transfer through access to private debt and alternative pools of risk capital. cacgroup.com  

bpx energy

bpx energy, bp's US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins. Headquartered in Denver, bpx embodies the entrepreneurial spirit of a domestic U.S. onshore producer – utilizing next level technology to safely increase production while lowering emissions, and leveraging other integrated bp business like supply, trading and shipping to maximize value. bp.com  

Petrie Partners 

Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry. The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities. Petrie clients benefit from the independent, conflict-free perspective and unwavering advocacy of their best interests that the team brings to every engagement. www.petrie.com 

Vitesse Energy

Vitesse is a Denver-based company focused on returning capital to stockholders through owning and acquiring predominantly non-operated working interests in oil and gas properties in the Williston Basin of North Dakota and Montana. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. www.vitesse-vts.com

IMA 

IMA Financial Group is an independent broker, defining the future of insurance through comprehensive and consultative risk and wealth management services. A majority employee-owned and managed company, its 2,300-plus associates in offices across the country are empowered by a shared mission to manage risk, protect assets, and make a difference. www.imacorp.com  

Oil & Gas 360®

The Media Sponsor of Enercom Denver, Oil & Gas 360® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc. The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact our industry. Oil & Gas 360

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SOURCE EnerCom, Inc.