Raizen looking to produce 1 billion liters of cellulosic ethanol by 2024

In Brazil, Raizen says it will invest $930 million between now and 2024 on installing second-generation ethanol plants across the country with a total production capacity of around 1 billion liters. Even though cellulosic ethanol production remains more expensive, the company expects the price of costly enzymes to come down as they become more available, helping the company to produce more value per hectare.