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Shell, Cosan in US$12b Biofuels Deal

By Tim Anderson, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The Anglo-Dutch oil giant Shell and their Brazilian partner Cosan have agreed the name of their sugar cane operations as Raizen. The name is taken from the words for ‘root’ and ‘energy’ and the new company will oversee the merger of the ethanol, fuel and sugar divisions.

The new company will have an estimated value of R$20 billion (US$12 billion). According to the former chairman of Shell in Brazil, Vasco . . .

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