BP announced on 22 July that the British energy giant has agreed to form a 50:50 joint venture with US-based agriculture, food and ingredients company Bunge that will create a leading bioenergy company in one of the world’s largest fast-growing markets for biofuels.

“This is another large-scale example of BP’s commitment to play a leading role in a rapid transition to a low carbon future,” BP CEO Bob Dudley said. “Biofuels will be an essential part of delivering the energy transition and Braz...

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