INVESTMENTS IN AFFILIATES

12 Months Ended

Dec. 31, 2016

INVESTMENTS IN AFFILIATES

INVESTMENTS IN AFFILIATES

10. INVESTMENTS IN AFFILIATES

        Bunge participates in various unconsolidated joint ventures and other investments accounted for using the equity method. Certain equity method investments at December 31, 2016 are described below. Bunge allocates equity in earnings of affiliates to its reporting segments.

Agribusiness

        Vietnam Agribusiness Holdings Ptd. Ltd.—Bunge and Wilmar International Limited ("Wilmar") completed the formation of a joint venture in Vietnam in which Wilmar will invest into Bunge's crush operations in Vietnam, creating a three-party joint venture with Bunge and Wilmar as equal 45% shareholders and Quang Dung, a leading soybean meal distributor in Vietnam, retaining its existing 10% stake in the operations.

        Terminal Fronteira Norte Logística S.A.("TFN")—Bunge has a 50% ownership interest in TFN, a joint venture with Amaggi located in Barcarena, Brazil. The TFN complex is mainly dedicated to exporting soybean and corn from the key Brazilian producing region of Mato Grosso.

        Terminais do Graneis do Guaruja("TGG")—Bunge has a 57% ownership interest in Terminais do Graneis do Guaruja, a joint venture with Amaggi International Ltd. located on the left bank of the Port of Santos, Brazil. TGG acts as a port terminal for reception, storage and shipment of solid bulk cargoes.

        G3 Global Holding GP Inc.—Bunge has a 25% ownership interest in G3 Global Holding GP Inc., a joint venture with SALIC that operates grain facilities in Canada.

        PT Bumiraya Investindo—Bunge has a 35% ownership interest in PT Bumiraya Investindo, an Indonesian palm plantation company.

        Caiasa—Paraguay Complejo Agroindustrial Angostura S.A—Bunge has a 33.33% ownership interest in an oilseed processing facility joint venture with Louis Dreyfus Company and Aceitera General Deheza S.A. ("AGD"), in Paraguay.

        Terminal 6 S.A. and Terminal 6 Industrial S.A—Bunge has a joint venture, Terminal 6 S.A., in Argentina with AGD for the operation of a port facility located in the Santa Fe province of Argentina. Bunge is also a party to a second joint venture with AGD, Terminal 6 Industrial S.A., that operates a crushing facility located adjacent to the port facility. Bunge owns 40% and 50%, respectively, of these joint ventures.

Sugar and Bioenergy

        Solazyme Bunge Produtos Renovaveis Ltda.—In April 2012, Bunge entered into a joint venture with TerraVia Holdings Inc. (formerly Solazyme Inc.) for the production of renewable oils in Brazil, using sugar supplied by one of Bunge's mills. Bunge owns a 49.9% interest in this entity.

        ProMaiz—Bunge has a joint venture in Argentina with AGD for the operation of a corn wet milling facility. Bunge is a 50% owner in this joint venture.

        Southwest Iowa Renewable Energy, LLC ("SIRE")—Bunge is a 25% owner of SIRE. The other owners are primarily agricultural producers located in Southwest Iowa. SIRE operates an ethanol plant near Bunge's oilseed processing facility in Council Bluffs, Iowa.