Tag: Cosan

Cosan could move more cane production to biofuels than sugar

Cosan could move more cane production to biofuels than sugar

August 12, 2017 |

In Brazil, Cosan SA Indústria e Comércio expects ethanol sales to yield better returns than sugar across some Brazilian states, and say they could adjust the amount of sugar and ethanol produced if biofuel prices improve and sugar prices continue to decline. Raízen Energia, a 50-50 joint venture between Cosan and Royal Dutch Shell Plc, […]

Read More

Raizen offers $248 million to buy two Tonon Bioenergia ethanol facilities

Raizen offers $248 million to buy two Tonon Bioenergia ethanol facilities

June 14, 2017 |

In Brazil, Cosan said in a securities filing that Raizen has offered $248 million to buy the Santa Cândida and Paraíso ethanol distilleries from Tonon Bioenergia. Tonon is currently going through in-court reorganization and was putting the two plants up for auction. The Santa Cândida facility produces 123,000 cubic meters of ethanol annually in addition […]

Read More

Cosan sees Brazilian ethanol market remaining tight as mills keep focus on sugar

Cosan sees Brazilian ethanol market remaining tight as mills keep focus on sugar

February 20, 2017 |

In Brazil, Cosan says the domestic ethanol situation remains tight, providing for better margins than otherwise would be as cane millers continue to focus on sugar production while the global market remains in the last phases of deficit. The company plans to invest up to $777 million in cane this season, perhaps 15% more than […]

Read More

Chevron invests in Cosan and Amyris’ Novvi producing bio-based hydrocarbon molecules

Chevron invests in Cosan and Amyris’ Novvi producing bio-based hydrocarbon molecules

December 19, 2016 |

In California, Chevron Products Co., a division of Chevron U.S.A. Inc., and Novvi LLC—a joint venture of Amyris Inc., Cosan S.A. and American Refining Group—announced that Chevron has made an equity investment into Novvi. Terms of the transaction were not disclosed. Novvi produces targeted hydrocarbon molecules from plant sugar for automotive, industrial, marine, and construction […]

Read More

Shell and Cosan go all in on Raizen collaboration

Shell and Cosan go all in on Raizen collaboration

November 23, 2016 |

In Brazil, Shell and Cosan have agreed to drop their trial period for their joint venture Raizen and continue to operate together indefinitely. The mutual time-bound buyout options included in the original 2011 agreement that created the successful JV have been dropped, allowing the companies to jointly focus on ethanol production along with sugar and […]

Read More

Moody’s cuts Cosan’s overseas risk rating to negative from stable

Moody’s cuts Cosan’s overseas risk rating to negative from stable

March 24, 2016 |

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 […]

Read More

Sustainable, high-performance oils & lubes: The Digest’s 2015 8-Slide Guide to Novvi

Sustainable, high-performance oils & lubes: The Digest’s 2015 8-Slide Guide to Novvi

August 27, 2015 |

Novvi is a joint venture of Amyris, Inc. and Cosan S.A. Industria e Comercio created to develop, produce, market, and distribute high-performance oils and lubricants from renewable sources. Novvi draws from the strength of both companies, applying Amyris’ synthetic biology platform to produce targeted hydrocarbon molecules from plant sugar and Cosan’s feedstock capabilities and supply […]

Read More

Novvi renewable engine oils hit 500,000 mile mark at Sonoma raceway

Novvi renewable engine oils hit 500,000 mile mark at Sonoma raceway

July 12, 2015 |

In California, Novvi announced that its engine oils are now American Petroleum Institute (API) certified and have delivered superior performance over more than a half million miles of raceway driving. Together, these accomplishments mark significant industry traction and validate that Novvi engine oils surpass industry benchmarks for performance and sustainability across all cars. Novvi oils have clocked more than half a […]

Read More

Raizen ethanol production up 1% in 2014/15 at 2.06 billion liters

Raizen ethanol production up 1% in 2014/15 at 2.06 billion liters

May 7, 2015 |

In Brazil, Cosan expects that Raizen produced about 1% more ethanol during 2014/15 over the previous year at 2.06 billion liters, despite sugar production being down about 9% during the same period. Drought impacted the sugar content of cane, pulling down sugar production. For 2015/16, the company expects ethanol production to remain about the same […]

Read More

Cosan rejects analysts’ expectation of increased ethanol production

Cosan rejects analysts’ expectation of increased ethanol production

March 19, 2015 |

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 […]

Read More