Shell, Cosan Planning $12 Billion Fuel JV in Brazil

摘要

oyal Dutch Shell says is planning to form a Brazilian ethanol and transporta- tion fuel joint venture worth $12 billion with Cosan, one of the world's largest producers and distributors of ethanol. Under the terms of the non-binding memorandum of understanding, both firms will contribute several assets to the unnamed jv, and Shell will contribute $1.6 billion in cash over two years. The jv will have an annual production capacity of 2 billion liters/year of ethanol. 揥e see joining with Cosan as a way to grow the role of low- carbon, sustainable biofuels in the global transportation fuel mix," says Mark Williams, Shell抯 downstream director. "The joint venture would also enable Shell to set up a material and profitable bio-fuels business, with the poten- tial to deploy next generation technologies.?