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New York based Bunge Limited forms BP Bunge Bioenergia a joint venture with BP plc in Brazil combine their Brazilian bioenergy and sugarcane ethanol businesses.

Details provided below:

  • •Bunge & BP BP joint venture Bunge Bioenergia is now the second largest operator by effective crushing capacity in the Brazilian bioethanol market
    • As per agreement, Bunge received cash proceeds of $775 million.
  • New York based Bunge is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients.
  • Bunge’s sustainable product creates opportunities for more than 70,000 farmers and the consumers they serve across the globe.
  • The company has 31,000 employees worldwide who stand behind more than 360 port terminals, oilseed processing plants, grain silos, and food and ingredient production and packaging facilities around the world.

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