Bunge Said to Export U.S. Ethanol to Brazil to Meet Shortfall
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Bunge Ltd. is exporting U.S. corn-based ethanol to Brazil, the world’s second-largest consumer of the biofuel, according to two people with direct knowledge of the deal.
Bunge, based in White Plains, New York, is shipping about 12.5 million liters (3.3 million gallons) of the fuel to the Port of Itaqui in Brazil’s northeast, according to the two people, who asked not to be identified because terms aren’t public. The ethanol is being carried on the vessel Songa Hawk, which is scheduled to arrive on Feb. 12.