Ethanol Mix Gives Soros to Shell Mills a Boost
Raizen SA, Royal Dutch Shell Plc (RDSA)’s sugar venture with Cosan SA Industria & Comercio, is among producers set to profit from funneling more of a record cane crop into ethanol as a government measure bolsters demand.
Mills in the Center South, the world’s largest sugar producing region, are likely to turn as much as 54 percent of their cane into ethanol in the season starting April 1, the most in three years, said Antonio de Padua Rodrigues, a director at industry association Unica. Brazil plans to boost the amount of the biofuel added to gasoline to 25 percent in June from 20 percent now, the first increase since 2010, Energy Minister Edison Lobao said in a Jan. 17 interview.
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