Tag: Bunge

BP and Bunge looking to sell their biofuel JV for $1.96B

BP and Bunge looking to sell their biofuel JV for $1.96B

August 9, 2022 |

In Brazil, Reuters reports Valor Economico has discovered that Raizen and Abu Dhabi’s Mubadala are potential buyers of BP Bunge Bioenergia, which the two companies have decided to put up for sale. The joint venture is valued at around $1.96 billion and JP Morgan has confirmed that it will advise BP Bunge Bioenergia on the […]

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Petrobras and Bunge sign deal on 5% HVO supply and blending

Petrobras and Bunge sign deal on 5% HVO supply and blending

August 4, 2022 |

In Brazil, Petrobras and Bunge signed a contract to acquisition of refined soybean oil for the production of R5 Diesel at the Getúlio Vargas Refinery (Repar), in Paraná. The raw material began to be supplied at the end of July and production will take place in September 2022. Around 1.5 million liters will be destined […]

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Bunge and CoverCress Inc. announce unique commercial partnership

Bunge and CoverCress Inc. announce unique commercial partnership

April 28, 2022 |

In Missouri, Bunge and CoverCress Inc. announced a unique commercial partnership to bring a new renewable oilseed and animal feed crop to market. The agreement establishes a long-term commercial relationship between the two companies and supports the expansion of CCI’s CoverCress™ technology, a new winter oilseed crop that is ideal as a lower carbon intensity […]

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Chevron finalizes JV with Bunge for renewable fuel manufacturing and marketing

Chevron finalizes JV with Bunge for renewable fuel manufacturing and marketing

February 23, 2022 |

In California, Chevron U.S.A. Inc. and Bunge North America, Inc. announced the signing of definitive transaction agreements to create their previously announced joint venture. The new venture will create renewable feedstocks leveraging Bunge’s expertise in oilseed processing and farmer relationships and Chevron’s expertise in fuels manufacturing and marketing. The agreements are subject to customary closing […]

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Chevron and Bunge to create JV to supply lower carbon intensity feedstocks

Chevron and Bunge to create JV to supply lower carbon intensity feedstocks

September 2, 2021 |

In California, Chevron U.S.A. Inc. and Bunge North America, Inc have signed a memorandum of understanding (MOU) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.  Upon finalization of the joint venture, Chevron and Bunge’s partnership would establish a reliable supply chain from […]

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Neste’s purchase of Bunge Loders Croklaan’s Rotterdam refinery approved by authorities

Neste’s purchase of Bunge Loders Croklaan’s Rotterdam refinery approved by authorities

March 2, 2021 |

In the Netherlands, Neste’s acquisition of Bunge Loders Croklaan’s refinery plant in Rotterdam has been approved by regulatory authorities, and the transaction was completed on March 1, 2021. The transition of operations and employees will be implemented in phases with the refinery plant’s full and modified pretreatment capacity available for processing Neste’s feedstock by the […]

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Bunge sells stake in Iowa ethanol plant

Bunge sells stake in Iowa ethanol plant

January 5, 2020 |

Like a well-intentioned New Year’s Resolution, Bunge is trying to shed some extra weight and focusing on its core. Bunge North America sold its Series B membership units to Southwest Iowa Renewable Energy, LLC effective December 31, 2019, thus ending Bunge’s 13-year ownership interest in SIRE. But why? As we know all too well, the […]

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BP and Bunge complete formation of Brazilian JV

BP and Bunge complete formation of Brazilian JV

December 2, 2019 |

In Brazil, BP and Bunge announced that they have completed the formation of BP Bunge Bioenergia, the Brazilian bioenergy joint venture that combines their Brazilian bioenergy and sugarcane ethanol businesses. BP Bunge Bioenergia is now the second largest operator by effective crushing capacity in the Brazilian bioethanol market. Mario Lindenhayn from BP will be the […]

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BP and Bunge confirm 50:50 joint venture for Brazilian ethanol

BP and Bunge confirm 50:50 joint venture for Brazilian ethanol

July 23, 2019 |

In the UK, BP has agreed to form a 50:50 joint venture with Bunge that will create a leading bioenergy company in one of the world’s largest fast-growing markets for biofuels. BP will combine its Brazilian biofuels and biopower businesses with that of Bunge to create a world-scale, highly-efficient producer of sugarcane ethanol in Brazil, BP […]

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Bunge and BP may team up in mega sugar/ethanol JV to rival Raizen

Bunge and BP may team up in mega sugar/ethanol JV to rival Raizen

July 10, 2019 |

In Brazil, Bloomberg reports that BP is looking to team up with Bunge on a joint venture that would link up sugar and ethanol assets that would create a similar giant to Shell’s JV with Cosan, Raizen. Bunge has been looking to offload its sugar assets in Brazil for a number of years with no […]

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