27 °C Singapore, SG
September 30, 2023
Latest News
Toshiba and GE to shore up Japanese offshore wind domestic supply chain How I got here… National University of Singapore green finance academic Sumit Agarwal Multi-billion-dollar renewables project earmarked for Yindjibarndi native title land Smart Energy Finances: Enel divests 50% of Australian renewable operations to Japanese oil and gas giant Critical minerals investments surged by 30% finds IEA Kung Fu nuns fight climate change One of Southeast Asia’s largest energy storage systems comes online Why turning waste into gas will add value to this Indigenous economy Renewable energy records tumble around Australia as rooftop solar power soars Topsoe supports SGP BioEnergy in renewable fuels production in Panama ‘Poor tropical regions’ suffer greatest economic damage from worsening heatwaves UNEP: Meeting global climate goals now requires ‘rapid transformation of societies’ Analysis: Africa’s unreported extreme weather in 2022 and climate change Partly wind-powered coal ship sails into Newcastle New fossil fuels ‘incompatible’ with 1.5C goal, comprehensive analysis finds Australian offshore wind ‘supercharged’ in Victoria as billions pledged to fast-track projects Goldwind turbine ‘breaks world record for largest rotor diameter’, Chinese media reports BW Ideol to work with developer Taiya on Taiwan floating wind pilot US to boost floating wind power Wind Power in South Korea – an overview GS E&C to develop bioethanol using cassava waste Korean business group has asked the US to make exceptions for Korean EV’s in Inflation Reduction Act Equinor’s Australian offshore wind debut Global energy transition stalls – 2022 Global Status Report in pictures India’s ReNew Power secures $1bn loan for gigascale 24/7 wind-solar-battery project POSCO International to merge with POSCO Energy Is the answer to Australia’s high electricity prices blowing in the wind? The Arctic has warmed ‘nearly four times faster’ than the global average Customer-centric demand response a key solution for Japan’s energy transition challenges Asia-Pacific forecast to reach 1 billion smart electricity meters by 2026 – study

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 *