Chevron Corporation (CVX Quick QuoteCVX ) through its subsidiary Chevron U.S.A. Inc. announced a memorandum of understanding (MOU) of a proposed joint venture with Bunge Limited’s (BG Quick QuoteBG ) unit Bunge North America, Inc., a global leader in the procurement, processing, and distribution of oilseed and grain products plus additives. The MOU aims to explore a potential collaboration to meet growing demand for renewable fuels and produce lower-carbon feedstocks.
Chevron and Bunge’s joint venture, once completed, will provide both companies with a reliable supply....More>>>