With Share Capital of R$ 10 Million, Companies Copersucar and Vibra Energy Jointly Develop the Brand Evolua Etanol, Targeting the Biofuel Market Domestic and Global

Written by Roberta Souza

Published on 05/07/2022 at 20:46

Imagem de Chokniti / Fonte: Adobe Stock

Be the first to react!

The Companies Project That, In Its First Year Of Operation, Evolua Etanol Will Trade 9 Billion Liters Of Biofuel

Last week, Copersucar, Brazil’s largest sugar and ethanol exporting company, announced the creation of the brand Evolua Etanol, a joint venture formed from the association of the company with Vibra Energia, former BR Distribuidora. The new platform is dedicated to the trade of ethanol in national and global markets, aiming to transact 9 billion liters of biofuel in its first year of operation.

Evolua Etanol will be headquartered in São Paulo and have an office in Rio de Janeiro, in addition to having its own governance structure and board. The joint venture will operate with independent management aligned with its shareholders, in order to follow best practices in administration and compliance.

The company’s equity capital is equivalent to R$ 10 million, with 50.01% of the shares held by Copersucar and 49.99% by Vibra Energia. Furthermore, it is expected that in the future, an additional R$ 440 million will be invested, in proportion to the respective stakes of the shareholders.

ARTICLE CONTINUES BELOW

About Copersucar

Copersucar, founded in 1959, is a Brazilian cooperative dedicated to the trade of sugar and ethanol. The company is one of the largest global exporters of these products, having reached the number of 34 mills operating in the states of São Paulo, Paraná, and Minas Gerais.

In addition to connecting mills and customers through the promotion of large-scale sugar and ethanol trade, Copersucar also carries out logistical operations, thereby integrating all links of the value chain.

About Vibra Energia

Headquartered in Rio de Janeiro and founded in 1971, Vibra Energia operates in the distribution and trade of petroleum-derived fuels, biofuels, lubricants, asphalt emulsions, and chemical products. Until July 2019, the company was a subsidiary of Petrobras.

Today, Vibra is the largest fuel distribution company in Brazil, with Ipiranga and Raízen being two of its major competitors. It is present throughout the national territory, in all 26 Brazilian states and the Federal District, with over 8,000 service stations.

With Share Capital of R$ 10 Million, Companies Copersucar and Vibra Energy Jointly Develop the Brand Evolua Etanol, Targeting the Biofuel Market Domestic and Global

The Companies Project That, In Its First Year Of Operation, Evolua Etanol Will Trade 9 Billion Liters Of Biofuel

About Copersucar

About Vibra Energia

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

A vanished ocean on Mars left a detectable mineral ring billions of years later, Chinese scientists claim: manganese deposits indicate stable water for up to 1.5 million years in Utopia Planitia, a region that may hold clues about environments favorable to ancient life.

China sends to Australia its largest tunnel boring machine ever exported, a 15.7-meter giant that ‘bends at the waist’ to overcome underground curves and open a 6.5 km six-lane road tunnel under Sydney’s harbor by 2028.

Brazil has been promising a nuclear-powered submarine since the 1980s and has yet to deliver, while South Korea, which didn’t even have the program, has already announced theirs.

Canada mobilizes a 1,600-ton crane to replace eight steam generators at a nuclear plant that supplies more than 30% of Ontario, produces cancer-fighting isotopes, and will have its lifespan extended by decades in a six-month operation.

New York hides a fake house among million-dollar properties: without residents, the facade in Brooklyn disguises ventilation and an emergency exit for the subway that can help passengers escape and remove smoke in accidents in the underground tunnels.

With Share Capital of R$ 10 Million, Companies Copersucar and Vibra Energy Jointly Develop the Brand Evolua Etanol, Targeting the Biofuel Market Domestic and Global

The Companies Project That, In Its First Year Of Operation, Evolua Etanol Will Trade 9 Billion Liters Of Biofuel

About Copersucar

About Vibra Energia

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Spanish city uses an aquifer hidden 11 meters deep as an urban ‘refrigerator’ for almost 30 years, saves 52% of energy in a public building, and now resorts to AI to prevent the solution from exhausting its potential

Canada is preparing a billion-dollar megaproject with 3.5 GW of wind energy, up to 530 turbines, green hydrogen, and ammonia for export, in a bid that could place the country at the center of the new global race for clean fuels.

France launches tenders for 12 GW in renewable energy, bets on offshore wind and imposes restrictions on Chinese components to accelerate energy sovereignty, protect European factories, and reduce dependence on oil and gas amid global pressure.

Advancement in renewable energy: researchers from UFPB and UNI of Peru create an unprecedented digital twin for a green hydrogen plant; Model is capable of simulating real-time operations and reducing industrial failures in strategic clean energy projects in Latin America.

At 4,400 meters of altitude in the Himalayas, where the air is so thin it makes breathing difficult, India’s state oil company drilled a thousand meters of rock to reach a 240-degree subsoil and set up the country’s first geothermal plant.

A vanished ocean on Mars left a detectable mineral ring billions of years later, Chinese scientists claim: manganese deposits indicate stable water for up to 1.5 million years in Utopia Planitia, a region that may hold clues about environments favorable to ancient life.

China sends to Australia its largest tunnel boring machine ever exported, a 15.7-meter giant that ‘bends at the waist’ to overcome underground curves and open a 6.5 km six-lane road tunnel under Sydney’s harbor by 2028.

Brazil has been promising a nuclear-powered submarine since the 1980s and has yet to deliver, while South Korea, which didn’t even have the program, has already announced theirs.

Canada mobilizes a 1,600-ton crane to replace eight steam generators at a nuclear plant that supplies more than 30% of Ontario, produces cancer-fighting isotopes, and will have its lifespan extended by decades in a six-month operation.

New York hides a fake house among million-dollar properties: without residents, the facade in Brooklyn disguises ventilation and an emergency exit for the subway that can help passengers escape and remove smoke in accidents in the underground tunnels.