Cosan highlights limits to ethanol-sugar switching

agrimoney.com

19:47 UK, 6th Jun 2013, by Agrimoney.com

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Brazil's Cosan expects to crush 10 pct more cane this season

Reuters

Tue Apr 16, 2013 3:19pm EDT

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Raizen Receives Regulatory Approval - Analyst Blog

NASDAQ

Posted 12/6/2012 9:00 AM by Zacks Equity Research

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Raizen agrees to avoid sugarcane, ethanol expansion in indigenous areas of Brazil

Biofuels Digest
Meghan Sapp
June 14, 2012

In Brazil, the joint venture between Shell and Cosan, Raizen, has decided to terminate controversial plans to source sugar cane from land previously belonging to an indigenous tribe after pressure from a campaign organized by the Brazilian Indian tribe and global tribal rights non-profit organization, Survival International.

The company also agreed to consult Brazil’s Indian affairs department, FUNAI, in order to avoid further investment or expansion in conflict areas that could be recognized as indigenous land in the future.

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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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Rise in sugar costs hits Cosan profits

Reuters
By Inae Riveras
SAO PAULO Thu Feb 10, 2011 12:35pm EST

SAO PAULO (Reuters) - Cosan, the world's largest sugar and ethanol group, said on Thursday that net income fell 83 percent in the quarter ended December 31, mainly due to rising costs at its sugar operations.

The Brazil-based company reported a profit of 27.9 million reais ($17 million) in the quarter, from 167.1 million reais in the same period of 2009, according to a securities filing.

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Brazil's Cosan says quarterly revenues up 24 percent

Reuters
SAO PAULO Fri Jan 28, 2011 10:27am EST

SAO PAULO (Reuters) - Brazil's largest sugar and ethanol group, Cosan, said in a preliminary earnings report that quarterly net operating revenue rose 24 percent from a year earlier, boosted by strong sugar and ethanol prices and sales.

The company's preliminary third-quarter results for the months of October through December showed sales of sugar from its milling division CAA rose nearly 26 percent to 931.9 million reais against the same three months a year earlier.

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Shell and Brazil's Cosan to jointly make ethanol

Bloomberg BusinessWeek

Royal Dutch Shell, Europe's largest oil company, has signed a $12 billion joint venture agreement with Cosan SA, Brazil's biggest ethanol manufacturer, to produce and distribute ethanol from sugar cane, the two companies announced Wednesday.

The binding agreement represents the largest investment by a major oil company in Brazil's ethanol industry. The deal, first unveiled in February, still requires regulatory approval.

Cosan will contribute its existing capacity to crush 60 million tons of sugar a year at its 23 mills, producing 2 billion liters (528 million gallons) of ethanol, said a joint statement.

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Brazil’s $1.7 Billion Ethanol Pipeline Seeks License This Month

Bloomberg BusinessWeek
June 15, 2010, 12:07 PM EDT
By Lucia Kassai

June 15 (Bloomberg) -- Cosan SA Industria & Comercio, the world’s biggest sugar-cane processor, and 84 more Brazilian ethanol makers this month will seek authorization to build a 3 billion-real ($1.7 billion) pipeline to ship fuel to a southeastern port from producing areas in Sao Paulo state.

The Uniduto Logistica SA joint venture will request an environmental license to build an ethanol pipeline spanning 600 kilometers (373 miles), more than the distance between New York and Pittsburgh, Chief Executive Officer Sergio van Klaveren said in an interview. It will transport the fuel to a port in Guaruja, in Sao Paulo’s southeastern coast, from Serrana, in the north of state.

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Major oil company enters ethanol industry

AgWeb.com
2/22/2010

Royal Dutch Shell plc has plans to strike a deal with Brazil’s Cosan for a $21 billion a year ethanol joint venture. Shell will become the first major oil company to access ethanol on this scale. The deal will be Cosans largest entry into fuel distribution as well. Cosan purchased Exxon Mobil’s Esso chain of service stations for $1 billion in 2008. Shell and Cosan’s 50/50 joint venture features 4,500 filling stations nationwide.

The companies plan to more than double ethanol output to up to 5 billion liters a year from about 2 billion now, according to Shell’s downstream director, Mark Williams.

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Shell's New Biofuels Bet with Cosan Is Great News for Codexis

Seeking Alpha
by: The Burrill Report February 09, 2010

A new $12 billion joint venture in the offing between Royal Dutch Shell (RDS.A) and Cosan (CZZ) is likely to scale up sugarcane ethanol production and distribution in Brazil and beyond, holding the potential to eventually deliver 4 billion to 5 billion barrels of the biofuel to motorists each year.
"Our size, degree of sophistication and stage of development means we need a partner that not only shares our vision, but also has access to international markets to help us deliver our growth potential," says Rubens Ometto Silveira Mello, Cosan's board chair.

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Brazil's Cosan, Shell Sign MOU For Ethanol, Fuels Joint Venture

CNN Money
February 01, 2010: 06:33 AM ET

RIO DE JANEIRO -(Dow Jones)- Brazilian sugar and ethanol group Cosan Industria e Comercio SA (CSAN3.BR) and the local unit of Royal Dutch Shell (RDSA.LN) will combine their fuels distribution business in Brazil.

In a filing with stock regulators Monday, Cosan said that the two companies signed a memorandum of understanding Sunday to create a $12 billion joint venture. The deal will create Brazil's third-largest fuel distribution network, with about 4,500 service stations throughout Brazil.

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