Shell to invest $1.63B in joint venture with Brazilian ethanol producer

02/1/2010 | Wall Street Journal, The

Royal Dutch Shell announced it will enter a joint venture with Brazilian company Cosan for the production and sale of cane-based ethanol. Under the deal, Shell will invest $1.63 billion in cash into the venture over two years. Cosan Chairman Rubens O. Silveira Mello said the partnership will help "consolidate ethanol as a global commodity."

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