Filed under: Ethanol, South/Latin America
In one of the biggest biofuel deals to date, Shell, along with Cosan - one of the world's leading producers of sugarcane-based ethanol - has launched a multi-billion dollar joint venture (JV) to become a leading producer of the low-carbon biofuel. Named Raízen, this massive retail and commercial fuels company will operate out of Brazil and focus solely on ethanol made from Brazilian sugarcane.
By establishing a JV, Shell is combining its retail knowledge, global network and extensive research in advanced biofuels with Cosan's technical biofuel production know-how. Raízen will pump out 2 billion liter of ethanol a year.
According to Unica, the Brazilian sugarcane industry association, Raízen's sugarcane-to-ethanol process is one of the most efficient in turning biomass into fuel. Unica says that Brazilian sugarcane yields 7,000 approximately liters of ethanol per hectare of sugarcane, compared to 3,800 liters per hectare of corn in the U.S. and 2,500 liters per hectare of wheat in Europe.
Under the JV, Shell - already a major distributor of sustainable biofuels - will venture into production for the first time. According to Shell, the deal with Cosan is a major step in its strategy of investing for selective growth in advanced biofuels.
[Source: Shell|Image: cliff1006 - C.C. License 2.0]
Continue reading Shell, Cosan formalize creation of Razien sugarcane ethanol JV
Shell, Cosan formalize creation of Razien sugarcane ethanol JV originally appeared on Autoblog Green on Wed, 22 Jun 2011 10:09:00 EST. Please see our terms for use of feeds.
Permalink | Email this | CommentsSource: http://green.autoblog.com/2011/06/22/shell-cosan-formalize-creation-of-razien-sugarcane-ethanol-jv/
automobile articles automobile news automotive global market share automobile industry overview
No comments:
Post a Comment