Center for Advanced BioEnergy Research, University of Illinois at Urbana-Champaign

Wednesday, February 16, 2011

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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