Shell, Cosan JV approved by European Commission

In Brussels, the joint venture between Shell and Brazilian sugar and ethanol giant, Cosan, has been approved by the European Commission.

Shell and Cosan plan to supply ethanol to the downstream market of ex-refinery, non-retail, and retail sales of motor fuels, where Shell is active. The joint venture was approved by the European Commission after an investigation to ensure fair competition across the EU.

The EU seeks to significantly increase its use of plant-based fuels as a way to mitigate global warming and reducing its reliance on foreign oil producers.

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