bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects

IMG_0130

bp agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, bp will become sole owner of the industrial scale sugarcane and ethanol business, enabling bp to accelerate value creation through integration with bp’s trading and technology capabilities.

Continue reading