• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 3 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 2 days U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 20 hours Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 2 hours Socialists want to exorcise the O&G demon by 2030
  • 1 day Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 19 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day Chevron to Boost Spend on Quick-Return Projects
  • 1 day Conspiracy - Theory versus Reality
  • 2 days UK, Stay in EU, Says Tusk
  • 2 days What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 2 days Regular Gas dropped to $2.21 per gallon today
  • 2 days German Carmakers Warning: Hard Brexit Would Be "Fatal"
Alt Text

How Carbon Capture Can Be Profitable

Despite being critical in the…

Alt Text

Bioscience Breakthrough Turns Plant Waste Into Gasoline

Bioscience engineers have been making…

Alt Text

Biofuel Breakthrough Uses Algae To Create Hydrogen

New breakthrough uses solar energy…

Graham Cooper

Graham Cooper

Graham is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Trending Discussions

Shell's $12 Billion Brazilian Biofuel Venture

Shell has combined forces with Brazilian ethanol company Cosan and launched a $12 billion joint venture, named Raizen, in one of the biggest biofuel deals to date.

Plans for the venture were announced last March when investors were told to expect annual revenues of $21 billion.

The new company aims to produce and sell more than 2 billion litres of ethanol derived from Brazilian sugarcane annually, as well as 20 billion litres of conventional fuels. It will operate initially only in Brazil, where it will be the third largest fuels company, but plans later to export ethanol.

Biofuels are expected to make up around 40% of Brazil’s transport fuel mix by 2030, Shell says, double the current level. Globally, the company expects biofuels to represent about 9% of road transport fuel demand in 2030, a three-fold increase on today’s share.

The ethanol production process used by Raizen is said to be far more efficient at converting biomass into fuel than other major approaches. Brazilian sugarcane yields 7,000 litres of ethanol per hectare compared to 3,800 litres/hectare of corn in the US and 2,500 litres/hectare of wheat in Europe, according to the Brazilian sugarcane industry association.

In addition to the ethanol production facilities previously owned by Cosan, Raizen will also own Shell’s interest in two second-generation biofuel companies – 50% of Canada-based cellulosic ethanol company Iogen and 16% of California-based enzyme company Codexis.

By. Graham Cooper

Source: Environmental Finance




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News