SAN RAMON (dpa-AFX) - Bunge (BG) and Chevron (CVX) announced approval of a
final investment decision for their joint venture Bunge Chevron Ag Renewables
LLC to build a new oilseed processing plant adjacent to its existing processing
facility located on the Gulf Coast in Destrehan, LA.

The plant, designed with flexibility in mind, will have the capability to
process soybeans and various softseeds, including innovative winter oilseed
crops like winter canola and CoverCress. Scheduled for operation in 2026, the
facility is aimed at enhancing the scale and efficiency of Bunge Chevron Ag
Renewables, enabling the company to meet the rising market demand for renewable
fuel feedstocks more effectively. Additionally, the plant will contribute to the
expanding feed and protein markets by producing meal products.

The expansion is expected to create more than 150 construction jobs and add 30
new jobs when the plant is operational.



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