Cosan (CZZ)

EPS100Momentum (69.68) Submitted: 6/25/2008 1:58:05 PM : Start Price: $12.78 CZZ Score: -37.46

Brazilian ethanol to be pumped in Sweden starting in August 2008.

Verified Sustainable Ethanol Initiative
http://www.sustainableethanolinitiative.com/default.asp?id=1087

Together with Brazilian ethanol producers, the Swedish company SEKAB has developed the Verified Sustainable Ethanol Initiative over the past year. The verified and traceable ethanol will be coming to Swedish pumps in August 2008. An independent international company will be performing on-site checks to make sure the producers are meeting the system's requirements.

"We think it is entirely justifiable that consumers and decision-makers are demanding guarantees that the ethanol we supply is environmentally, climatically, socially and ethically quality-assured and that it generates lower fossil carbon-dioxide emissions than those of petrol and diesel," says Anders Fredriksson, Deputy CEO of SEKAB BioFuels & Chemicals.

Sweden is far ahead of most EU countries on use of biofuel. As use of ethanol increases there is an increasing demand for sustainability declarations and certification. As the ongoing EU process seems to be dragging on, the trade associations BioAlcohol Fuel Foundation (BAFF), which represents the ethanol market in Sweden, and UNICA, which represents the sugar-cane industry in Brazil, have agreed to jointly drive a process with the aim of shifting the entire Brazilian ethanol industry towards more sustainable production.