Cosan considers plants acquisitions

(ADPnews) - May 31, 2010 - Brazilian ethanol maker Cosan (SAO:CSAN3) may resume acquisitions of new plants this year if prices are compatible with investments return, Rubens Ometto Silveira Mello, president of Cosan's board of directors said yesterday.
The executive spoke during a ceremony for the inauguration of Cosan's new ethanol plant in Jatai, Goias state, saying also that building plants outside Brazil, is not viable for Cosan.
The sugar prices are seen to remain stable this year and Brazil should expand its presence on the international market, Mello added.
As for Cosan's biofuel partnership with Royal Dutch Shell plc (AMS:RDSA, LON:RDSA), announced in February, the executive only assured the public that it was "going well".

More stories to explore
Share this story
About the author
Browse all articles from Mariyana Yaneva

Mariyana is a founding member of the Renewables Now team. With nine years of professional experience in renewables she has built strong expertise in the wind industry and French-speaking markets.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription