The world’s largest sugar refiner, the ASR Group, has agreed to buy 1.2 million tonnes of certified non-genetically modified (GMO) raw sugar from Raizen for the next 10 years, reported Reuters.
The sugar-ethanol giant Raizen SA, owned by Royal Dutch Shell and Cosan SA, will invest BRL2 billion (US$390 million) to build two cellulosic ethanol plants. They will be operational in 2024, Chief Executive Officer Ricardo Mussa said in an interview, reported Bloomberg.
Brazil – Raízen and Geo Energética partner to build new US$60 million biogas plant [Full subscriber]
Raízen and Geo Energética are partnering to construct the second biogas plant.
The sugar and ethanol producer and fuel distributor Raizen reported that its adjusted net income more than doubled BRL1.1 billion (US$201.5 million) in the second quarter of the crop year 2021/22 compared to the same period last year, reported Reuters.
Raízen, a joint venture between Royal Dutch Shell and Cosan with a presence in the sugar and ethanol production, fuel distribution and energy generation sectors, recently announced that it will invest approximately BRL150 million (US$27.4 million) to build a new cane bagasse-based cogeneration unit.
Raízen, a joint venture between Shell and Cosan, priced its initial share offering at BRL7.40 (US$1.41) per share on 3rd August, raising roughly BRL6.9 billion (US$1.32 billion), in the largest IPO (initial public offering) of the year in Brazil.
Raízen, a joint venture between Cosan and Shell, is going to invest in the construction of its second cellulosic ethanol unit, with the capacity to produce 82 million litres per year, twice the capacity of its first plant, reported Reuters, citing a securities filing.
Brazil – Raizen invests over US$68 million to upgrade its agricultural fleet and harvesting operations [Full subscriber]
The sugar and ethanol giant, Raízen, a joint venture between Cosan and Shell, invested BRL345 million (US$68.4 million) at the start of the 2021/22 harvest with modern and high-performance equipment supported by data analytics technology which the company says will support cost reduction, while the fleet size will be decreased by 5%.
The sugar and ethanol producer and fuel distributor Raizen, a joint venture between Shell and Cosan, has started talks with investment banks for an IPO. The company made proposals to potential underwriters for an offering estimated at between BRL8 billion and BRL13 billion (US$2.21 billion), according to Valor Economico.
The top global sugar producer Raízen and Asian commodities trading firm Wilmar International are set to end their partnership in the global sugar trading joint venture RAW, reported Reuters.