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In Brazil, Cosan reported net profits for their second quarter fell from BRL251.5 million a year ago to BRL63.2 million. Cosan is quoted as stating, “The net financial result on the period presented a net expense of BRL393.6 million compared to a net revenue of BRL86.4 million in the year ago period (a negative net […]
Background: This is a first round, International Regional match-up between #3 seed Raizen and #14 seed Abengoa Bioenergy in the 2011 Transformative Technologies tourney, from Biofuels Digest. Voting: Open to all Biofuels Digest subscribers. Voting links are in the Biofuels Digest daily newsletter. To subscribe (free), visit here. The winner gets: Most votes advances to […]
In California, Cosan and Amyris announced a Joint Venture Implementation Agreement as the final step toward the commencement of operations in Novvi, which will develop, produce and commercialize renewable base oils made from Biofene, Amyris’s renewable farnesene. Novvi plans to commercialize a line of synthetic, renewable base oils for the lubricants market, comparable to Group […]
In Brazil, Shell and Cosan closed on their USD $12 billion joint venture to create Raízen, one of the world’s largest ethanol companies with over 2 billion liters annual production capacity, a retail network of 4,500 fuel stations, 24 sugar mills and an installed capacity of 900MW of electric energy from sugar cane bagasse. Globally […]
SustainableNet: Corn, soybean prices: Has mission been accomplished? – Southeast Farm Press FZbrazil: US Brazil Biofuels Talk Helps Cosan, But India Could Change That (brazilsun.com) NavalEnergy: The Great Green Fleet actionaidrwanda: Biofuels are produced by agribusiness, intensively, on a massive scale, on monoculture plantations and usually for export in poor countries.
In Brazil, Cosan says it expects its JV with Shell—called Raizen—to create synergies of up to $2 billion. Raizen will boost sugarcane-crushing capacity to 100 million metric tons a year from current output of 60 million tons. Ethanol production is expected to more than double over the next five years to five billion liters a […]
In Brazil, Cosan and Shell plant to jointly double Cosan’s sugarcane production over the next five years to 100 million metric tons with ethanol production also doubling to 5 billion liters. The project doesn’t yet have a price tag but Cosan expects to float bonds overseas to fund the expansion. More on the story.
In Brazil, Reuters is reporting that Brazil’s Cosan, sugar and ethanol producer’s net income fell a full 83% for the quarter ending December 31. The main contributing factor was the increase cost of sugar due to crops being smaller and not able to keep up with demand. Unusually dry weather in Brazil during 2010 led […]
In Brazil, Reuters is reporting that Cosan (CZZ.N) will acquire the Zanin Acucar e Alcool sugar and ethanol mill for 378.6 million reais ($224.7 million), including a combination of cash and debt. The acquisition price includes 142 million reais ($84.3M) in cash and the assumption of 236.6 million reais ($160.4M) in debt. The Zanin deal […]