Brazil's Cosan, Shell To Boost Output At Raizen Ethanol Venture

Fox Business
By Rogerio Jelmayer and Jeff Fick
Published February 14, 2011
Dow Jones Newswires

SAO PAULO -(Dow Jones)- Brazilian sugar and ethanol group Cosan Industria e Comercio SA (CSAN3.BR) and Royal Dutch Shell (RDSA.LN) disclosed more details Monday about the $12 billion ethanol joint venture the companies formed last year, which will be called Raizen.

"We are one of the most-competitive sustainable energy companies in the world," said Raizen Chairman Rubens Ometto during a news conference in Sao Paulo. "The organization was born big."

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