Bunge Global Completes Sale of Its 50% Stake in BP Bunge Bioenergia

Bunge Global SA (BG) has completed the sale of its 50% share in BP Bunge Bioenergia to its joint venture partner BP plc (BP) . This strategic move marks Bunge Global's exit from the bioenergy and sugarcane ethanol business in Brazil, which will enable it to shift focus back to its core operations. Background of BP Bunge Bioenergia Bunge Global and BP created the joint venture, BP Bunge Bioenergia, in 2019 by merging the two companies' Brazilian bioenergy and sugarcane ethanol businesses. The joint venture o ...