BP Doubles Down On Biofuels: Buys Out Bunge Bioenergia for $1.4B
BP Doubles Down On Biofuels: Buys Out Bunge Bioenergia for $1.4B
BP p.l.c. (NYSE:BP) shares are trading higher after the company agreed to purchase Bunge Global SA's (NYSE:BG) 50% stake in their joint venture, BP Bunge Bioenergia S.A., for an enterprise value of about $1.4 billion.
BP p.l.c. (紐交所：BP) 股票漲幅較大。該公司同意斥資大約14億美元購買邦吉全球股份公司 (紐交所：BG) 在它們共同創立的 BP Bunge Bioenergia S.A. 的50%股權。
The acquisition will consolidate 100% of the venture's financial results, including net debt of about $0.5 billion and lease obligations of around $0.7 billion.
該收購將整合該公司合資企業100%的財務結果，包括約5億美元的淨負債和約7億美元的租賃義務。
The buyout meets BP's expected bioenergy returns threshold of over 15% and fits within its disciplined financial framework, which includes capital expenditure targets of around $16 billion for 2024 and 2025.
這次收購符合BP超過15%的預期生物能源回報門檻，並符合其在2024和2025年的資本開支目標約160億美元的財務紀律框架。
Upon completion, BP can produce about 50,000 barrels per day of ethanol equivalent from sugarcane through Bunge Bioenergia's 11 agro-industrial units in five Brazilian states.
交易完成後，BP將可以通過邦吉生物能源在巴西五個州的11個農業工業單元，每天生產相當於蔗糖的乙醇約5萬桶。
After the deal closes, BP will become the sole owner of the industrial-scale sugarcane and ethanol business.
交易結束後，BP將成爲工業規模的甘蔗和乙醇業務的唯一所有者。
This acquisition and focus on key biofuels projects are expected to support BP's strategic growth in bioenergy, aiming for around $2 billion in EBITDA from bioenergy and $3 billion-$4 billion across all transition growth engines by 2025.
此次收購和重點生物燃料項目的關注預計將支持BP在生物能源方面的戰略增長，旨在到2025年從生物能源獲取約20億美元的稅息折舊及攤銷前利潤 (EBITDA)，並在所有轉型增長引擎方面達到30億美元至40億美元。
Bunge expects this second and final monetization event of its ownership in the business to yield net proceeds close to $800 million.
邦吉預計其在該業務中的第二個和最終的貨幣化事件將產生接近8億美元的淨收益。
Emma Delaney, BP's executive vice president, customers and products said, "Focusing our plans to develop new biofuels projects is also driven by value. Taken together, these changes can enable us to deliver the growth and returns we expect from biofuels, but in a simpler, more focused way. This is fully in line with bp's priorities of driving focus into the business and growing shareholder returns."
BP的執行副總裁 (客戶和產品) Emma Delaney表示：“我們計劃發展新的生物燃料項目也是由於價值驅動。綜合考慮，這些變化可以使我們以更簡單、更專注的方式實現期望的生物燃料增長和回報。這完全符合BP專注於業務並提高股東回報的優先事項”。
By 2025, BP aims to increase its biofuels production to approximately 50 million barrels per day (mbd) and its biogas supply to about 40 thousand barrels of oil equivalent per day (mboed).
到2025年，BP的生物燃料產量目標約爲5000萬桶/日，其生物沼氣供應目標達到約4萬桶石油當量/日。
By 2030, the company targets to expand its biofuels production to around 100 mbd and its biogas supply to about 70 mboed.
到2030年，該公司的生物燃料產量目標約爲1億桶/日，其生物沼氣供應目標爲約700萬桶油當量/日。
As of first-quarter FY24-end, the company's net debt stood at $24.02 billion.
截至FY24第一季度末，該公司的淨負債爲240.2億美元。
Investors can gain exposure to the stock via Direxion Hydrogen ETF (ARCA: HJEN) and First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (ARCA: EIPX).
投資者可以通過 Direxion Hydrogen ETF (ARCA: HJEN) 和 First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (ARCA: EIPX) 來獲得這隻股票的曝光。
Also Read: BP Tightens Workplace Relationship Rules After CEO Firing: Report
還閱讀：CEO被解僱後，BP加強工作場所關係規則。
Price Action: BP shares are up 0.79% at $35.67 at the last check Thursday.
截至週四，BP股票上漲了0.79%，報35.67美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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譯文內容由第三人軟體翻譯。