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 […]
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 […]
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 […]
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 […]
In Switzerland, COFCO International Ltd is partnering with Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, and Louis Dreyfus Company to standardize data and digitize global agricultural shipping transactions. Together, the companies are looking to increase transparency and efficiency for customers through digital technologies, such as blockchain and artificial intelligence. “We are pleased to join […]
In Mississippi, Ergon BioFuels LLC, a subsidiary of Ergon, Inc., is closing its ethanol plant at the Port of Vicksburg in December, according to a press release sent to The Vicksburg Post. The plant was built in 2007 as a joint venture between Ergon Ethanol Inc. and Bunge North America Inc. and was originally designed […]
In New York, Mark Zenuk has been appointed to Bunge Limited’s Board of Directors. Zenuk has served as Managing Partner of Tillridge Global Agribusiness Partners, an agribusiness private equity firm, since 2016. Prior to Tillridge, he was a Managing Director at NGP Energy Capital Management (“NGP”), where he led NGP’s agribusiness investment platform from 2010 […]
In Germany, Reuters reports that Bunge was cutting production at its 200,000 metric ton per year Mannheim biodiesel plant by 50% during Q2 due to fall out from the European Court of Justice cutting anti-dumping duties on Argentine and Indonesian biodiesel imports. Those imports have weighed heavily upon EU biodiesel prices forcing several major producers […]
In Brazil, Bunge announced the filing of a registration request with the Brazilian Securities Commission for a potential initial public offering of Bunge Açúcar & Bionergia, Bunge’s sugar milling business in Brazil. Bunge has prepared the business to operate as a stand-alone company and recently obtained debt financing for the business. The filing further progresses Bunge’s […]
In Brazil, Reuters reports that Bunge confirmed it is interested to spin off its sugarcane and ethanol unit as an IPO but is testing the proverbial waters before taking a final decision by gauging the market valuation and investor appetite. The global sugar industry is going into a slump due to low sugar prices but […]
