BP p.l.c. (NYSE:BP) reportedly plans to assess expanding and diversifying its biofuel operations in Brazil, exploring new products like second-generation ethanol and sustainable aviation fuel following its acquisition of a stake in BP Bunge Bioenergia. Last week, the British oil major bought Bunge Global SA‘s (NYSE:BG) 50% stake in their joint venture, BP Bunge Bioenergia S.A., for an enterprise value of about $1.4 billion. The acquisition will consolidate 100% of the venture's financial results, including net debt of about $0.5 billion and lease obligations of around $0.7 billion. In written comments, the company expressed its plans to utilize ...