BP and Bunge conclude formation of joint venture

BP and Bunge announced on Monday (02) who completed the formation of BP Bunge Bioenergia, a joint venture combining their business bioenergy and ethanol sugarcane in Brazil.

The continued growth of biofuels will be a key enabler for the decarbonisation of the transport sector, say the companies. The Brazilian market is one of the largest and fastest growing low carbon biofuels to the world and, through this transaction, Bunge BP Bioenergy becomes the second largest operator in terms of effective grinding in the Brazilian ethanol market.




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