• 2 minutes Oil prices going down
  • 11 minutes China & India in talks to form anti-OPEC
  • 16 minutes When will oil demand start declining due to EVs?
  • 49 mins Oil prices going down
  • 2 hours We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 10 hours Another WTH? Example of Cheap Renewables
  • 2 days Bullish and bearish outlook for oil
  • 21 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 2 days Rolls Royce shedding 4,600 jobs
  • 1 day When will oil demand start declining due to EVs?
  • 2 days After Trump-KJU, Trump-Putin Summit
  • 1 day Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks
  • 1 day What If Canada Had Wind and Not Oilsands?
  • 24 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 4 hours China & India in talks to form anti-OPEC
  • 2 days U.S. Cars Will No Longer Need 55mpg Fuel Efficiency By 2025.
  • 2 days Epic Fail as Solar Crashes and Wind Refuses to Blow
  • 2 days OPEC soap opera daily update
  • 24 hours The Permian Mystery
Alt Text

Is This The Ultimate Fuel For Millennials?

The next biofuel breakthrough could…

Alt Text

New Process Makes Ethanol Sustainable

A new breakthrough has shown…

Alt Text

Is Cactus Gas The Future Of Biofuel?

A Mexican green energy startup,…

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