Bunge and BP Form Sugar and Ethanol Business in Brazil

Written by Paulo Nogueira

Published on 24/07/2019 at 06:02

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Each Will Hold 50% of the Joint Venture’s Shares and in Its Portfolio of 11 Plants to Focus on Ethanol and Sugar Production. More Than 10,000 People Are Currently Employed at BP Bunge Bioenergia

The U.S. agricultural products trading company Bunge and the British Energy BP signed an agreement to form a sugarcane ethanol joint venture in Brazil, the companies announced on Monday, coinciding with the report of record corn exports, according to the government’s report.

BP will combine its Brazilian biofuels and bioenergy ventures with Bunge’s. The autonomous entity, BP Bunge Bioenergia, will have 11 biofuel plants in Brazil, with a milling capacity of 32 million tons per year. It will produce ethanol and sugar. Bunge stated that it will receive cash resources of US $ 775 million as part of the agreement. BP will pay the trader US $ 75 million, and the joint venture will assume US $ 700 million in non-recourse debt associated with Bunge’s assets.

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Bunge and BP Form Sugar and Ethanol Business in Brazil

Each Will Hold 50% of the Joint Venture’s Shares and in Its Portfolio of 11 Plants to Focus on Ethanol and Sugar Production. More Than 10,000 People Are Currently Employed at BP Bunge Bioenergia

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Bunge and BP Form Sugar and Ethanol Business in Brazil

Each Will Hold 50% of the Joint Venture’s Shares and in Its Portfolio of 11 Plants to Focus on Ethanol and Sugar Production. More Than 10,000 People Are Currently Employed at BP Bunge Bioenergia

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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On the other side of the planet, a Brazilian doctor operates on a patient in Porto Alegre while being in China, almost 19,000 km away, using a surgical robot that responds in 200 milliseconds in a procedure that seems like science fiction.

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