BP: completes Brazilian biofuel joint venture with Bunge
(CercleFinance.com) - BP and Bunge have completed the formation of their Brazilian bioenergy joint venture, which combines their Brazilian bioenergy and sugarcane ethanol businesses, the companies said on Monday.
The newly-formed BP Bunge Bioenergia is to become the second largest operator by effective crushing capacity on the Brazilian bioethanol market, one of the world's largest and fastest growing markets.
Mario Lindenhayn from BP will be the executive chairman of BP Bunge Bionergia and Geovane Consul from Bunge will be chief executive. BP and Bunge have equal representation on the company's board of directors.
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The newly-formed BP Bunge Bioenergia is to become the second largest operator by effective crushing capacity on the Brazilian bioethanol market, one of the world's largest and fastest growing markets.
Mario Lindenhayn from BP will be the executive chairman of BP Bunge Bionergia and Geovane Consul from Bunge will be chief executive. BP and Bunge have equal representation on the company's board of directors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.