A proposed joint venture between Shell International Petroleum Company (Shell) and Cosan S.A. (Cosan) is planning to produce and commercialize ethanol and power from sugar cane and distribute a variety of industrial and transportation fuels.
Shell and Cosan have signed a US$12-billion joint venture pact in this regard, which requires regulatory approval. It will also explore business opportunities to produce and sell ethanol and sugar globally.
The proposed joint venture is set to pool our complementary businesses, enhance our growth prospects in ethanol production globally and support our growth platform for our retail and commercial fuels businesses in Brazil, said Mark Williams, Shell Downstream Director. Over the next 20 years, sustainable biofuels are one of the most realistic commercial solutions to reduce CO2 emissions from transport.
Shell and Cosan have signed a US$12-billion joint venture pact in this regard, which requires regulatory approval. It will also explore business opportunities to produce and sell ethanol and sugar globally.
The proposed joint venture is set to pool our complementary businesses, enhance our growth prospects in ethanol production globally and support our growth platform for our retail and commercial fuels businesses in Brazil, said Mark Williams, Shell Downstream Director. Over the next 20 years, sustainable biofuels are one of the most realistic commercial solutions to reduce CO2 emissions from transport.
