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 plant will be comprised of 11 biofuel plants across Brazil with a production capacity of 32 million mt per year . Lifecycle emissions from sugar cane ethanol are 70 % less than conventional transport fuels . Currently , over two thirds of ethanol 's vehicles are 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.