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Raízen, Which Belongs to the Shell Group, Acquires Lubricants Division from the Oil Company and Ensures More Decarbonization Opportunities
On the first Monday of May, the 2nd, Shell Brazil – which recently formed a partnership with Petrobras at the Port of Santos – announced the completion of a deal with Raízen, which belongs to the giant Shell group and which replaced Biosev. The sale of its lubricants division is officially completed.
According to the online news outlet PetroNotícias, in addition to the lubricants unit in Ilha do Governador, Rio de Janeiro, the transaction includes operations of the oil base in Campos Elíseos, Duque de Caxias (state of Rio de Janeiro), the Shell Marine lubricants division for ships, and also supply and offering of lubricants across the country.
In a brief statement published on the company’s website during the morning of 05/02, Shell stated regarding the sale to Raízen: “The long-standing partnership between Shell and Raízen includes retail, aviation, and fuel distribution portfolios. The integration of the lubricants division into the joint venture will generate synergies between the two companies and ensure a supply of lubricants and fuels with more decarbonization opportunities.”
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Additionally, Shell added: “After the completion of the transaction, the Shell brand will continue to be prominent through the licensing agreement with Raízen.” According to the company, all customers will continue to have free access to the products and services offered by the Shell brand, even after the sale of the lubricants division to Raízen.
To Understand Better, Also Watch the Following Video from the Holder Iniciante Channel:
Do You Know What Raízen Is? Come Get to Know the Company:
Founded in 2011, Raízen is a joint venture that emerged from the partnership between Shell and Cosan. The company operates in the production of ethanol, sugarcane, and bioenergy. For production, Raízen has 35 units focused on sugarcane, bioenergy, and ethanol, 1.3 million hectares of cultivated agricultural land, 1,300 Select convenience stores, and more than 4,000 commercial customers spread across Brazil and two other countries in Latin America: Argentina and Paraguay.
Explosion of Investments in the Oil and Gas Sector of Espírito Santo: Companies such as Petrobras, Karavan Oil, Shell, PetroRio, Imetame, and ES Gás Are in the Spotlight of the Business Presented in the Capixaba Yearbook
The Industry Federation of Espírito Santo (Findes) launched on Friday (29) the 5th edition of the Yearbook of the Oil and Natural Gas Industry in ES. The document gathers the most important data and analyses of the sector, as well as presenting a projection of oil and gas production until 2025.
According to the study, it is estimated that Espírito Santo will receive a total of R$ 8.1 billion in investments in the oil and gas sector over four years, with projects from companies such as Petrobras, Karavan Oil, Shell, PetroRio, Imetame, and ES Gás. The decommissioning of 680 oil wells in ES is expected to generate R$ 2.4 billion in business between 2022 and 2026. To learn more, click here and read this article in full.
