BP has launched a biofuel and energy joint venture with US grain merchant sugar cane to produce Bunge ethanol and generate renewable electricity from production waste. BP sugar cane Bioenergia will be comprised of 11 biofuel sites across Brazil with a crushing capacity of 32 million mt per year. Lifecycle emissions from Bunge ethanol are 70% less than conventional transport fuel. Currently, over two thirds of Brazil's vehicles can run on ethanol and demand is set to grow 70% by 2030.
BP has launched a biofuel and energy joint venture with US grain merchant Bunge to produce sugar cane ethanol and generate renewable electricity from production waste. BP Bunge Bioenergia will be comprised of 11 biofuel sites across Brazil with a crushing capacity of 32 million mt per year. Lifecycle emissions from sugar cane ethanol are 70% less than conventional transport fuel. Currently, over two thirds of Brazil's vehicles can run on ethanol and demand is set to grow 70% by 2030.