Cosan needs incentives to boost bioenergy production - report
Jun 27, 2014 - Brazilian energy and infrastructure company Cosan (BVMF:CSAN3) could triple its biomass power production and generate a surplus of 3 GW if the government agrees to stimulate biomass energy, CFO Marcelo Martins said in an interview for Bloomberg yesterday.
The company wants power auctions at viable prices to enable investments of BRL 3 million (USD 1.4m/EUR 1m) to BRL 4 million per new MW.
This will allow the sugarcane industry to fully use its bagasse and straw. Cosan's sugar, ethanol and bioenergy arm Raizen Energia, a joint venture with Royal Dutch Shell (AMS:RDSA, LON:RDSA), is said to be wasting nearly two thirds of its sugarcane biomass.
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