The American Bunge and the oil major BP have put up for sale the sugar-and-ethanol company BP Bunge Bionergia, a joint venture created by the two companies in 2019, reported Valor Economico.
BP and Arzeda enter into second phase of biochemical collaboration [Registered]
The oil major BP and Arzeda, the Protein Design Company™, recently announced that they have entered a second extended collaboration agreement for developing a bioprocess for the production of an undisclosed renewable chemical of high strategic and industrial interest to BP.
Brazil – Bunge and BP merge to create third-largest sugar-ethanol business [Full subscriber]
US commodities trader Bunge and UK energy company BP have agreed to merge their Brazilian sugar and ethanol operations, the companies on 22nd July.
BP partners with Virent and Johnson Matthey to commercialize production of bio-paraxylene [Registered]
The multinational oil and gas company BP is partnering with the biotech start-up Virent and specialty chemicals company Johnson Matthey (JM) to advance the commercialization of Virent’s Bioforming® process for the production of bio-paraxylene (PX), a key raw material for the production of renewable polyester.
USA – BP pulls the plug on UC Berkeley’s biofuels research institute [Registered]
Now, with almost $100 million still unspent, BP is exercising its contract option to pull nearly a third of its funding for 2015, and more in the remaining two years (of the original 10 year funding).
At Berkeley, that means ending some key research, the early elimination of up to 20 current post-doctorate positions, the layoff of more than half the support staff—and a search for other energy companies to fund its biofuel research.
Brazil – BP selling its 26 cane farms in Minas Gerais [Registered]
Total acreage of 3400 hectares is valued at between R$24 million and R$ 30 million (U$8.6 million to U$10.7 million). The size of the properties varies from 50 ha to 1200 ha.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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