Cosan (NYSE:CZZ)
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A global ethanol and sugar company with operations in Brazil.
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A global ethanol and sugar company with operations in Brazil.
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Cosan bought Exxon's retail filling station network in Brazil in 2009, greatly increasing its distribution power. Last month, Royal Dutch Shell launched a $12-billion biofuels joint venture with Cosan, merging ethanol, sugar and conventional fuel divisions.
In the U.S., repealing the $6 billion in ethanol subsidies and removing a $0.54-per-gallon tariff import tax on foreign sugarcane ethanol is just a matter of time.