BP forming 50:50 biofuels JV with Bunge in Brazil; growing existing biofuels business >50%
Green Car Congress
JULY 28, 2019
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 Bunge Bioenergia. Brazil is the world’s second-largest and most integrated market for ethanol as a transportation fuel with demand forecast to grow rapidly. BP Bunge Bioenergia will have 11 biofuels sites in Brazil. Together the two businesses currently employ more than 10,000 people in Brazil.