Bunge To Buy Newly Built Refinery From Fuji Oil
Bunge Limited, an agribusiness firm, through its Bunge Loders Croklaan JV with IOI Corporation Berhad, has signed an agreement with Fuji Oil New Orleans, LLC, to buy its newly constructed, port-based refinery located in Louisiana. Financial terms of the transaction are not known.
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“This acquisition delivers on our long-term strategy to expand our value-added oils business by accelerating reach across North America,” said Aaron Buettner, Bunge’s President, Food Solutions. “This facility will connect with our existing footprint and enable Bunge to better serve our customers.”
Bunge projects to serve customers with the newly acquired capacity starting in the second quarter.