Jason Barton

Professional Information and Energy News

Shell Goes All In with Brazilian Ethanol

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First Shell suspends all of its renewable energy efforts except for Brazilian ethanol, and then BP’s chief comes out and says that Brazilian ethanol is the best bet to replace petroleum.

Maybe I’ve missed it, but I haven’t heard anything like this of corn ethanol. Funny.

Cosan, Shell give details on ethanol joint venture

Feb 15, 2011 2:31 AM MT

AMSTERDAM (AP) — Brazilian oil company Cosan SA and Europe’s Royal Dutch Shell PLC say their new ethanol joint venture will have an estimated market value of $12 billion, ranking as Brazil’s 5th-largest company by sales, with 40,000 employees.

When the deal was announced in August, Shell had dropped all other investments in renewable energy to focus on ethanol.

Read the entire article here.

Written by Jason

February 15th, 2011 at 8:15 pm