Bunge, a global leader in agribusiness, food and ingredients, announced that it has entered into a purchase agreement with Fuji Oil New Orleans LLC to acquire its newly constructed, port-based refinery located at the Avondale Terminal.
The state-of-the-art facility has multi-oil refining capabilities and will enable Bunge to expand its existing customer base.
The transaction will provide Bunge with a scalable, complementary port-based footprint capable of connecting North American food, feed and fuel customers to global markets. Bunge expects to serve customers with the newly acquired capacity starting in the second quarter 2023.
Bunge plans to significantly expand the facility’s current capacity, creating new job opportunities for the local community. Read the entire announcement.