Raizen to Spend $102 Million on Brazil Cellulosic Ethanol Plant
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Raizen Energia SA, a Brazilian joint venture of Royal Dutch Shell Plc and Cosan SA Industria & Commercio, will invest 200 million reais ($102 million) in a plant that will produce ethanol from sugar-cane residues.
The plant will be attached to its Costa Pinto cane mill in the southeastern city of Piracicaba and have capacity to produce 40 million liters of fuel a year, a press official for Raizen who didn’t want to be named because of company policy, said today in an e-mail. It may begin production next year.