Bunge And Chevron Acquire Argentina Seed Business Chacraservicios; Terms Of Transaction Were Not Disclosed
Portfolio Pulse from Happy Mohamed
Bunge (NYSE:BG) and Chevron's Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE:CVX), have acquired Argentina-based seed business Chacraservicios from the Italian-based Adamant Group. The acquisition will add a new oil source to Bunge and Chevron's global supply chains and help meet the growing demand for lower carbon renewable feedstocks.
July 05, 2023 | 12:18 pm
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POSITIVE IMPACT
The acquisition of Chacraservicios by Bunge could potentially enhance its global supply chain and help meet the growing demand for lower carbon renewable feedstocks.
The acquisition of Chacraservicios, a company focused on the cultivation of high oil content crops, aligns with Bunge's focus on carbon and its goal of expanding lower carbon intensity feedstocks. This could potentially enhance Bunge's global supply chain and its position in the renewable energy market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chevron's Renewable Energy Group's acquisition of Chacraservicios could potentially expand its portfolio of affordable, reliable and lower carbon fuels.
The acquisition of Chacraservicios by Chevron's Renewable Energy Group could potentially expand its portfolio of affordable, reliable and lower carbon fuels. This aligns with Chevron's focus on agricultural innovation and renewable fuels development.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100