Sumitomo to acquire 20% stake in Cosan’s fuel pelleting business [Registered]

The companies plan to produce 2 million tonnes of pellets a year by 2025, and up to 8 million tonnes/year in the future, given growth in the market and profitability. The target market is power companies in Europe and Asia that are under pressure to substitute coal, natural gas and oil with biomass to meet renewable energy targets.… Login to continue