Shell and Cosan launch their multi-billion dollar sugarcane ethanol JV
Source : greencarcongress.com
Shell and Cosan launched Raízen, their multi-billion dollar joint venture to produce ethanol made from sugar cane. The major retail and commercial fuels company will operate in Brazil. Raízen will produce and sell more than 2 billion liters (528 million gallons US) of sugarcane ethanol per year. Raízen will distribute biofuels and more than 20 billion litres of other industrial and transport fuels annually through a combined network of nearly 4'500 Shell-branded service stations. In Brazil it becomes the third largest fuels company. Plans would extend the company's reach in future years to export more ethanol to other key markets. Shell is already one of the largest distributors of sustainable biofuels: now it is moving for the first time into production. The deal with Cosan is a major development in Shell's strategy of investing for selective growth in its fuels business.
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6 June 2011 |
South & Latin America
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