New Statesman
Published 26 August 2010
Print versionEmail a friendListenRSSShell are making moves to commercialise biofuels as they look to expand their product range.
Royal Dutch Shell and Brazil-based Cosan have signed a joint venture agreement to produce and commercialise ethanol and power based on sugar cane in Brazil.
The project, estimated to entail an investment of $12bn, will have an annual capacity to produce two billion litres of biofuels.
Cosan will supply sugar cane bagasse from its sugar mills for power generation.
Shell intends to adopt next generation biofuel technologies from its joint venture companies, Iogen Energy and Codexis.
The scheme envisages a distribution and retail network for industrial and transportation fuels. Regulatory approvals are now awaited.
The Joint Venture intends to explore global business opportunities in production and sales of ethanol and sugar.
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