In California, American Refining Group, Inc. and Novvi LLC, a joint venture of Amyris, Inc and Cosan S.A. announced that ARG has committed to a 33.3% equity investment into the joint venture. Both Amyris and Cosan will continue to hold share ownership stakes in Novvi, together with ARG. Novvi’s products and technology are recognized by […]
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In New York state, Moody’s Investors Service downgraded the ratings of the notes issued by Cosan Overseas Limited and Cosan Luxembourg S.A and guaranteed by Cosan to Ba3 from Ba2. At the same time, Moody’s América Latina has today affirmed Cosan S.A. Indústria e Comércio (“Cosan”)’s Ba2 (global scale) and A1.br (national scale) corporate family […]
In Brazil, Cosan says it plans to produce more sugar this season while ethanol production should stay flat at around 2 billion liters, contradicting analysts’ expectation that a 27% blending mandate would encourage producers to favor ethanol over sugar production. The government may re-institute a fuel tax that would weigh on overall gasoline consumption, and […]
In Brazil, Cosan is positive about the ethanol market in 2015 thanks to two policies it expects to come through shortly that will support producers: the potential reintroduction of a tax on gasoline known as Cide that would in turn make ethanol more competitive, and the boost in demand resulting from increasing the blend to […]
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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.