能源巨头加速布局农业端,争夺生物燃料原料供应链

随着全球 SAF（可持续航空燃料）与 HVO（加氢生物柴油）产能快速扩张，UCO（废弃油脂）、动物脂肪及非食用油脂等低碳原料供应持续趋紧，欧美能源巨头正开始向农业端延伸布局，以提前锁定未来生物燃料原料来源。

近日，bp 与 Corteva 宣布合作成立合资公司，重点开发油料作物供应链，为未来 SAF 与可再生柴油（RD）生产提供稳定原料支持。

行业人士认为，当前欧美生物燃料行业竞争焦点已逐步从“建厂扩产”转向“原料争夺”。尤其在欧盟 SAF 强制掺混政策以及美国低碳燃料激励政策推动下，低碳废弃油脂资源战略价值持续提升。

与此同时，全球 UCO 市场竞争也在加剧。欧洲、美国及亚洲多地炼厂正积极布局长期供料协议，部分企业甚至直接进入农业种植与原料收集体系，以降低未来原料波动风险。

市场普遍预计，未来几年全球 SAF 与 HVO 产业链将进一步向上游延伸，掌握原料资源的企业将在成本、认证及供应稳定性方面具备更强竞争优势。

English version：

Global Energy Giants Move Upstream to Secure Biofuel Feedstocks

As global production capacity for Sustainable Aviation Fuel (SAF) and renewable diesel (RD) continues to expand, supplies of low-carbon feedstocks such as used cooking oil (UCO), animal fats, and non-edible oils are becoming increasingly tight.

In response, major Western energy companies are accelerating their upstream agricultural strategies. Recently, bp partnered with Corteva to establish a joint venture focused on developing oilseed crop supply chains for future SAF and RD production.

Industry analysts believe the biofuels sector is shifting from a “capacity expansion race” to a “feedstock competition.” With Europe enforcing SAF blending mandates and the United States continuing to support low-carbon fuels through tax incentives, securing reliable feedstock sources has become a key strategic priority.

The growing competition for UCO and other waste-based feedstocks is also driving energy companies deeper into agriculture, feedstock collection, and long-term supply agreements. Market participants expect upstream integration to become a major trend across the global SAF and renewable diesel industry over the next several years.