The world’s biggest sugar-cane processor is making a bold new bet on turning waste into biofuel, just as demand for clean-energy supplies is surging.
Raizen SA, the Brazilian biofuel company owned by Royal Dutch Shell and Cosan SA, will invest 2 billion reais ($390 million) to build two “second-generation” ethanol plants, with operations expected to start in 2024, Chief Executive Officer Ricardo Mussa said in an interview. The facilities are unique because they’ll take waste from turning cane into sweetener and use those leftovers to produce the fuel.
