29 °C Singapore, SG
October 16, 2021
Latest News
GE’s mobile solution picked for Australian power project India: Are we ready to implement energy transition initiatives? Climate Finance Faces $75-Billion Gap as COP 26 Looms China to End International Coal Financing after ‘Profoundly Important’ UN Statement Steelanol plant gears up for bioethanol production next year MingYang Launches World’s Largest Offshore Hybrid Drive Wind Turbine RWE eyes Japanese floating offshore wind with Kansai Electric Power India expanding investments in renewables after 2020 decline Shipping power in batteries from offshore wind farms Blockchain for solar panel recycling in Japan Southeast Asia pins hopes on carbon capture to cut emissions Delivery Hero sustainability chief: we need to decouple ‘hyper’ business growth from carbon emissions In-depth Q&A: The IPCC’s sixth assessment report on climate science Distillery buys two biogas engines that will boost bioethanol production GE H-Class turbines help power plant operators with renewable energy transition GE Gas Turbine upgrade assists Keppel Infrastructure’s carbon abatement goals BlackRock Real Assets to back Korean offshore wind farm project CIP to sell minority stake in Taiwanese offshore wind cluster Nearly 76 Gigawatt-Hours of Battery Cells Produced in U.S.A 2010–2020 Melting tropical glaciers sound an early warning Enhanced cooperation on renewable energy transition between International Renewable Energy Agency and China Decarbonising industry is key to China’s net-zero strategy Carbon Brief’s China weekly digest. Rising seas could cost Asia’s biggest cities US$724 billion by 2030 Electric Vehicle Growth is Accelerating but its Given Rise to a New Social Faux Pas Southeast Asia PR industry launches working group to curb greenwashing Asia Pacific wind and solar spend to hit $1.3trn this decade How the next 5 years can buy us a decade to solve climate change G7 leaders urged to support SAF Uncrewed survey vehicles for offshore wind farm surveys

BP and Bunge complete formation of biofuels joint venture

Energy giant BP has completed the formation of its joint venture with Bunge, BP Bunge Bioenergia.

Brazil is currently one of the largest and fastest growing markets for biofuels in the world; through this transaction, BP Bunge Bioenergia is now the second largest operator by effective crushing capacity in the Brazilian bioethanol market.

BP’s Mario Lindenhayn will become executive chairman of the joint venture, while Bunge’s Geovane Consul will be CEO. The two companies will have equal representation on the board of directors of BP Bunge Bioenergia.

“Biofuels is an increasingly important part of a lower carbon energy system,” said Lindenhayn. “We are proud to complete the formation of BP Bunge Bioenergia, which provides a strong foundation to build upon the capabilities of both organisations to develop ideas for growth and deliver significant operational and financial synergies.”

Consul added: “BP Bunge Bioenergia is well-placed to support Brazil’s increasing demand for low carbon bioenergy. Our joint venture will enable us to leverage shared best practices to improve efficiency and sustainability, maximising the use of technology and identifying opportunities to develop future capabilities in this crucial market.”

The joint venture has 11 biofuels sites in five Brazilian states, with more than 10,000 employees. It has total crushing capacity of 32 million metric tonnes of sugarcane per year, capable of producing more than 1.5 billion litres of ethanol and 1.1 million tonnes of sugar.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *