New biofuels partnership announced between US and Brazil

US-based biofuel and logistics company Eco-Energy has signed a partnership with Copersucar, the largest sugar and ethanol trader in Brazil.

By binding their global supply capacity of 2.6 billion gallons the move creates the largest ethanol trader in the world.

‘With this partnership, we become a truly global company in the biofuel market, expanding our scale of operation to the two main ethanol markets in the world, which are the United States and Brazil, both in production and consumption volume,’ says Coperscucar chairman Luís Roberto Pogetti. ‘We believe that this investment has a great potential for value creation for all,’

Eco-Energy currently handles 9% of the US ethanol market, with annual sales exceeding $3 billion (€2.3 billion). For the current season Coperscucar will produce 1.3 billion gallons of ethanol from sugarcane feedstock, or 24% of the Brazilian market.

The deal is still awaiting certain regulatory approvals before closing.