Cosan expresses interest in takeover of struggling Brazilian ethanol plants

In Brazil, Cosan indicated that it may be interested in taking over struggling Brazilian sugarcane ethanol plants beset by falling ethanol prices, global economic turmoil and a depressed sugar market. Local companies say that outside investment has driven up prices for equipment and inputs. Cosan COO Pedro Mizutani told the Guardian that “Cosan always grew in crisis,” and added that the company’s 2009 investment outlook was unchanged.

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