Brazil: Shell and Cosan to form ethanol JV

Shell has signed a memorandum of understanding with Brazilian ethanol producer Cosan S.A. regarding the establishment of an ethanol joint venture. The partners plan to invest US$12bn in the project, which would produce ethanol, sugar and power and distribute and sell transportation fuels. Under the agreement, both companies would contribute certain Subscribe to Automotive World … Continued

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• February 2, 2010