British energy major BP Plc (<a href="https://www.londonstockexchange.com/stock/BP./bp-plc/company-page" target="_blank">LON:BP</a>) has struck a deal to take full ownership of its Brazilian biofuels joint venture with US grain trader Bunge Global SA (<a href="https://www.nyse.com/quote/XNYS:BG" target="_blank">NYSE:BG</a>) which is associated with a daily capacity of around 50,000 barrels of ethanol equivalent produced from sugarcane.