BP merges with Bunge for Brazil sugar-ethanol business, EBRD agrees debut trade finance facility with Piraeus Factoring, and Nemaska Lithium signs LoI with Pallinghurst for mine

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• US agribusiness Bunge and UK British oil and gas company BP have arranged a 50:50 sugar cane ethanol joint venture in Brazil

• The European Bank of Reconstruction and Development (EBRD) has agreed to provide a €10 million trade finance facility to Piraeus Factoring, the first company in Greece to be supported by the EBRD

• Nemaska Lithium has signed a letter of intent (LoI) with Pallinghurst Group for the financing of the Whabouchi project – a lithium mine in the Eeyou Istchee James-Bay territory and an electrochemical plant in Shawinigan

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