Shell and Cosan Launch Sugarcane Ethanol Joint Venture

Shell and Brazil-based Cosan are set for a joint venture named Raizen. Peter Vosser, Shell’s CEO, noted:  "We are building a leading position in the most efficient ethanol-producing country in the world.” Shell’s global network and research expertise will be used to develop and distribute ethanol and Cosan will use its 24 mills to process 62 million tonnes of cane a year into ethanol. Together they will produce 2 billion liters of ethanol a year.