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.