Biofuels firm Raízen has signed a commercial agreement to incorporate the assets of Biosev - a Brazilian subsidiary of Louis Dreyfus Holding.
The deal includes nine production units strategically located in Brazil with a total installed sugarcane processing capacity of up to 32 million tonnes.
The agreement also includes power cogeneration, with an export capacity of up to 1.3 GWh of electricity/year, covering an area of 280,000 hectares of planted sugarcane.
This incorporation with Biosev’s assets is in line with the company’s goal of leading the energy transition and intersects perfectly with the current global agenda that is progressively moving toward a low-carbon economy.
“Further to the expansion of the production of ethanol, sugar and bioenergy, this incorporation with Biosev, is an opportunity to leverage technology that drives productivity and the use of sugarcane in biorefineries, with the possibility of expanding our second-generation ethanol and biogas businesses,” said Ricardo Mussa, Raízen’s CEO.
The global trend towards the increasing relevance of renewable sources is creating a positive environment for our businesses, which has been accelerated by the pandemic and leveraged by public policies, such as Renovabio.
“We want to grow together and generate shared value, while also incorporating a diverse and integrated team, that is guided and respects safety, which by the way is a non-negotiable value to us,” added Mussa.
With this incorporation, Raízen would own 35 production units, with an installed capacity of 105 million tonnes of sugarcane, and approximately 1.3 million hectares of cultivated land.
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