July 22 (Reuters) - U.S. grain trader Bunge Ltd saidon Monday it has agreed to form a bioenergy company with oilmajor BP Plc that will produce ethanol and sugar, andgenerates renewable electricity.
Bunge said it will receive cash proceeds of $775 million aspart of the agreement.(Reporting by Shradha Singh in Bengaluru; Editing by ArunKoyyur)