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Company in Which It Is a Partner with Cosan, Raízen, Had the Purchase of Cosan Biomassa Approved by CADE and Shell Enters Into Another Fuel Business in the Country
With CADE’s approval of the purchase of 81.5% of the shareholding in Cosan Biomassa by Raízen, a company that Shell holds in partnership with Cosan in the fuel sector, the Anglo-Dutch oil multinational is ready to enter another energy sector in Brazil. See the Agreements That the Brazilian Government Is Signing with China!
Shell and Cosan are partners, each holding 50%, in Raízen Combustíveis and Raízen Energia, among various subsidiaries. The companies produce sugar and ethanol and operate in the distribution and logistics of fuels.
Cosan Biomassa, the target of the deal, produces and commercializes bagasse and sugarcane straw pellets, biomass used as fuel, currently sold to foreign customers who use them on an experimental basis.
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
Sector Growth
The biomass sector has grown significantly in Brazil, and according to the National Union of Corn Ethanol (Unem), corn ethanol production has the potential to reach 8% of the national biodiesel supply in 2020 and 20% in 2028.
Currently, the state of Mato Grosso is the largest national producer of Corn Ethanol.
During the 19th Datagro International Conference on Sugar and Ethanol, the Minister of Mines and Energy, Bento Albuquerque, declared that: “We rely more than ever on ethanol to lead this new period that is beginning for biofuels.”
It is worth noting that the Minister of MME is visiting China, along with President Jair Bolsonaro, trying to convince the Chinese to invest in the biofuels sector in Brazil.
Datagro Consulting estimates that sugarcane crushing in the 2019/2020 harvest in the Central-South will be 593.16 million tons, an increase of 3.5% compared to the 2018/2019 harvest.
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