Chevron, bunge announce proposed joint venture to create renewable fuel feedstocks

San ramon, calif. & st. louis--(business wire)--chevron u.s.a. inc., a subsidiary of chevron corporation (nyse: cvx), and bunge north america, inc., a subsidiary of bunge limited (nyse: bg), announced today a memorandum of understanding (mou) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks. upon finalization of the joint venture, chevron and bunge's partnership would establish a reliable supply chain from farmer to f
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