Bunge last week said its Bunge Loders Croklaan JV has agreed to sell a refinery in the Netherlands for 258 million euros, or about $300 million, in cash to Neste Corp. Bunge Loders Croklaan is Bunge's business-to-business edible oils company, producing and supplying plant-based specialty oils and fats for the food manufacturing industry. The company said it will lease back the facility from Neste through 2024 in what it termed a "phased transition" so it can continue to supply its customers with its products. That deal is expected to close in the first quarter of 2021, subject to regulatory approvals.