Shell Joins With Cosan In $12B Brazil Ethanol Project

Law360, New York (February 1, 2010, 6:43 PM EST) -- Shell International Petroleum Co. Ltd. has unveiled plans to form a $12 billion joint venture with Brazilian sugar and biofuel giant Cosan SA Industria e Comercio, a move the oil conglomerate says will result in the formation of one of the world's largest ethanol producers.

The deal, announced Monday, will create a joint venture in Brazil for the production of ethanol, sugar and power, as well as the supply, distribution and retail of transportation fuels, the companies said.

Shell, for its part, will provide its Brazilian...
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