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April 30 (Reuters) - Mexican President Claudia Sheinbaum said on Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras to reach an agreement, after Brazil's president pitched a partnership earlier this year. Sheinbaum told her regular morning press conference she would travel to Brazil to sign a deal with President Luiz Inacio... Continue Reading →
April 26 (Reuters) - Brazilian fuel and sugar company Raizen sent an alternative proposal to creditors as it tries to iron out terms of a 65 billion-real ($13.05 billion) debt restructuring, Bloomberg News reported on Sunday. The company told creditors it is in talks to raise up to 5 billion reais in fresh capital, the report... Continue Reading →
April 24 (Reuters) - Brazilian researchers at the Maua Institute of Technology will begin tests to investigate the viability of raising the blend of biodiesel in diesel to 20% in May, Renato Romio, manager of the institute's vehicles division, said on Thursday. Brazil is a powerhouse producer of biofuels from raw materials soy and sugarcane,... Continue Reading →
April 10 (Reuters) - Brazil's ethanol makers are ready to raise output if the government hikes the legal mix of anhydrous ethanol blended with gasoline from 30% to 32% this year, industry figures said, adding that production is heading towards a record. Brazil's government wants to raise the ethanol blend to 32% in the first... Continue Reading →
March 20 (Reuters) - As widening conflict in the Middle East roils global energy markets, one city in southern Brazil is planning to run more of its municipal fleet on an innovative homegrown biofuel designed to replace diesel entirely. Nestled among rolling expanses of soybean farms in the state of Rio Grande do Sul, the... Continue Reading →
March 18, 2026 /PRNewswire/ -- Sumitomo Corporation do Brasil and Cemvita, Inc. today announced the signing of a Memorandum of Understanding (MOU) to collaborate on integrated bio-methane (Renewable Natural Gas, RNG) and renewable bio-oil (FermOil™) projects in Brazil. The partnership is focused on accelerating the deployment of low-carbon, waste-based fuels and strengthening Brazil's position as a... Continue Reading →
March 9 (Reuters) - The sharp increase in energy prices as the war in the Middle East continues will drive Brazilian sugarcane processors to produce more ethanol and less sugar in the new season that will kick off in the coming weeks, analysts said on Monday. Raw sugar futures in the ICE exchange jumped more than 3%... Continue Reading →
March 4 (Reuters) - Brazilian sugar and ethanol producer Raizen said on Wednesday it is analysing a proposal for a Shell-led 4 billion real ($765 million) capital injection, while indicating that a solution to its debt crisis could be implemented in an out-of-court restructuring process. Raizen, a joint venture between Shell and Brazilian conglomerate Cosan, has been... Continue Reading →
March 3 (Reuters) - London listed oil company Shell is committed to investing 3.5 billion reais ($667.84 million) in troubled sugar and ethanol maker Raizen, the energy company's Brazil CEO said on Tuesday. Raizen has reported a string of losses and soaring net debt in recent quarters amid costly investments and poor weather negatively impacting crops,... Continue Reading →
Feb 25 (Reuters) - Oil major Shell, the healthier joint-venture partner in Brazilian sugar and ethanol producer Raizen, is ready to pour more resources into a recapitalization of the distressed company, three people familiar with the matter told Reuters. Raizen, a top global sugar maker, is in tough financial straits after posting a third-quarter net... Continue Reading →
