DUBAI, March 5 (Reuters) - BP Bunge Bioenergia, the

second-largest sugarcane processor in Brazil, is not looking to

offload assets, its CEO Geovane Consul said on Tuesday at a

sugar conference in Dubai.

"We had in the past (interest in offloading assets). Today

no more," he told reporters on the sidelines of the conference,

adding the cash flow generated by the business was now

satisfactory.

Consul also said the company's priority was to expand

its existing assets rather than acquire new ones.

"We're happy with what we have," he said.

BP Bunge Bioenergia was formed in 2019 as a joint

venture by British oil major BP and U.S. commodities

trader Bunge Ltd.

Consul cited that deal and the acquisition in 2021 by

Brazil's Raizen of the sugar and ethanol until controlled by

Louis Dreyfus as examples of recent industry consolidation.

"I think there is more to come," he said, adding he

believed consolidation was good for the industry.