Bunge And Chevron Buy Argentina Seed Business, Step Towards Lower-Carbon Energy Future
Portfolio Pulse from Lekha Gupta
Bunge Ltd (NYSE:BG) and Chevron Corp's (NYSE:CVX) subsidiary Renewable Energy Group Inc. have acquired Argentina-based Chacraservicios S.r.l, a company that cultivates Camelina Sativa, a high oil content crop. The acquisition will add a new oil source to Bunge and boost Chevron's global supply chains, aiding both companies in catering to the increasing demand for lower-carbon renewable feedstocks. Last month, Bunge also disclosed an agreement to acquire Glencore PLC's (OTC:GLNCY) Viterra Limited.
July 05, 2023 | 1:48 pm
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NEGATIVE IMPACT
Bunge's acquisition of Glencore's Viterra Limited could potentially impact Glencore's assets and revenues.
Bunge's acquisition of Glencore's Viterra Limited could potentially impact Glencore's assets and revenues. However, the exact impact will depend on the terms of the deal and how Glencore plans to use the proceeds from the sale.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Bunge's acquisition of Chacraservicios and Glencore's Viterra Limited will add a new oil source and boost its supply chain, aiding in meeting the demand for lower-carbon renewable feedstocks.
The acquisition of Chacraservicios and Glencore's Viterra Limited will provide Bunge with a new oil source and strengthen its supply chain. This will help the company cater to the increasing demand for lower-carbon renewable feedstocks, which could potentially boost its market position and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chevron's subsidiary's acquisition of Chacraservicios will boost its global supply chains and aid in catering to the increasing demand for lower-carbon renewable feedstocks.
The acquisition of Chacraservicios by Chevron's subsidiary will strengthen its global supply chains and help the company cater to the increasing demand for lower-carbon renewable feedstocks. This could potentially boost its market position and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80