Royal Dutch Shell Plc  .com Rotating Header Image

Sugarcane

Cosan Jumps After Shifting More Debt to Raizen Venture With Shell

By Lucia Kassai and Andrew Herndon – Jun 2, 2011 8:38 PM GMT+0100

Cosan SA Industria & Comercio rose the most in a week after it transferring $3.3 billion in debt to a joint venture with Royal Dutch Shell Plc (RDSA), more than previously announced.

Cosan rose 93 Brazilian centavos, or 4 percent, to 24.06 reais at 4:34 p.m. in Sao Paulo trading, the most since May 25. Shell’s Class A shares fell 1.7 percent in London to close at 2,122 pence.

Cosan shifted about 5.24 billion reais ($3.3 billion) in net debt to the Raizen venture, the Barra Bonita, Brazil-based company said today in a regulatory filing. That’s more than the $2.8 billion in debt it said in August that would transfer to the new company, which was formally created today. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Death threat from Shell supplier on Brazilian tribe’s land

Energy giant Shell’s joint venture partner, Cosan, is buying sugarcane grown on Guarani land. © João Ripper/Survival

A Brazilian rancher supplying sugarcane to a joint venture partner of energy giant Shell has reportedly issued a death threat against a political opponent.?? José Teixeira, who is also a state deputy, is said to have recently warned a political rival that, ‘If it were up to me, you’d be under the ground.’

Teixeira is renting out part of his ranch for sugarcane production, even though the Government has confirmed that the land belongs to Guarani Indians.

Shell and Brazilian ethanol company Cosan are now united in a $12 billion joint venture company called Raizen, to produce ethanol to sell as a biofuel. Cosan is buying sugarcane grown on Guarani land that Teixeira continues to occupy. Survival has urged Shell and Cosan to stop using sugarcane grown on the Guarani’s land, but the companies continue to use it. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.