“With this initiative, Brazil reasserts its leading position in ethanol production and use, and Petrobras takes yet another step in the search for alternative sources of power generation” said ...
As part of the transaction, Cosan will transfer to the merged entity its sugar, ethanol, fuels distribution and energy generation business, with assets valued at 4.9 billion and debt of 2.5 billion.
Agricultural commodities trader Cargill is boosting its renewable fuels and sugar operation in Brazil after a period of shrinking earnings as the price of corn and soybeans tumbled.
Billionaire Rubens Ometto’s conglomerate Cosan SA is giving up its stake in mining giant Vale SA, ending its bet on a mining investment in order to pay down debt. Cosan sold 173 million shares ...
CFO Gustavo Lopez emphasized the company’s resilience, citing a net income of R$77.8 million for the period, significantly up from R$24 million the prior year. He attributed the growth to real estate ...
Corn-for-ethanol use totaled 443.6 million bu. in January, according to USDA, topping traders’ expectations of 436.8 million bushels. Ethanol use increased 18.3 million bu. (4.3%) from December ...
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Ukraine and Brazil have a lot in common, similar economies, and thus, it is necessary to strengthen cooperation, especially ...
The company is contending with high interest rates in Brazil that will keep rising, and lower profits from its sugar and ethanol business. It has been struggling with debt since it acquired a ...
In the UK, petrol from the pumps is currently mixed with 5% ethanol - due to increase to 10% this year. However, in places such as Brazil and the United States, the use of ethanol as fuel is far more ...
The recent congressional hearings with CEOs of the major oil companies was apparently a bust. As it seems that Congress must ...
The global biofuels market is expected to grow and diversify in 2025 thanks to efforts to reduce carbon emissions and build ...