You are here

Grain trader Bunge to form bioenergy firm with BP

July 22 (Reuters) - U.S. grain trader Bunge Ltd said on Monday it has agreed to form a bioenergy company with oil major BP Plc that will produce ethanol and sugar, and generates renewable electricity.

Bunge said it will receive cash proceeds of $775 million as part of the agreement. (Reporting by Shradha Singh in Bengaluru; Editing by Arun Koyyur)

© Copyright Thomson Reuters 2019. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about

Tip of the Day

U-Shape Hook Hugs Tank for Fill

When I filled my spray tank, the hose would often fall out and then squirt all over the equipment. To remedy that situation, I made a U-... read more

Talk in Marketing

Most Recent Poll

Do you use a drone on your farm?