US Agro Operation to Purchase Brazil Ethanol Plant

New York-based fertilizer and oilseeds producer Bunge has signed an agreement to acquire the Agroindustrial Santa Juliana sugarcane mill and ethanol production plant from the Tenorio Group. The mill in the state of Minas Gerais came online last year and has a 1.6m metric ton per year capacity, which Bunge plans to expand to 4.0m. The value of the transaction was not disclosed.