Shell launches ethanol project with Brazilian firm

15th February 2011, Comments 0 comments

Royal Dutch Shell and Brazilian sugar company Cosan have presented plans for a joint venture to produce ethanol or alcohol fuel. It is estimated that the resulting company will have a market value of over eight billion euros.

A statement from Cosan said the new organisation would be called Raizen. It will employ about 40,000 people and produce over 2.2 billion litres of ethanol per year for the Brazilian and international markets.

Ethanol is made from sugar cane and used to fuel cars, producing hardly any CO2 in exhaust fumes. Many cars in Brazil already run on the fuel. Ethanol has been added to fuel in the Netherlands since 2007.

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