Dec 8, 2011 - Raizen, the ethanol joint venture (JV) of Brazilian sugar and ethanol producer Cosan (SAO:CSAN3) and Anglo-Dutch oil major Royal Dutch Shell (AMS:RDSA, LON:RDSA), crushed 53 million tonnes of sugar cane in crop year 2011/2012.
According to vice-president of sugar and ethanol of Raizen, Pedro Mizutani, the volume is 8.6% lower than projected. The industrial capacity of Raizen's 24 plants is 64 million tonnes.
Sugar production stood at 4 million tonnes down from the initially projected 4.4 million tonnes. In turn, the production of ethanol totalled 1.9 billion litres (417.9 million gallons) against 2.2 billion projected in the crop's start-up. Thus, sugar accounted for 56% of Raizen's total output, while ethanol for 44%, Mizutani added.