Texas Pacific Group (TPG) and Brazilian buyout fund Gavea Investimentos have made a joint $226 million investment for a 25 percent stake in Rumo Logistica, a unit of Cosan, the world’s largest producer of sugar-based ethanol.
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The biofuel sector, which has been nursing a hangover after the Wall Street money that had poured into the business evaporated, is now a real buyers market, poised for a come back, says a report , the Boulder, Colo. -based market research firm.
Pike Research predicts that demand for biodiesel alone could peak to $71billion in 2020, from $18.4 billion currently. Read More »
Earlier this week Royal Dutch Shell announced a joint venture with Cosan, one of Brazil’s largest producer of sugar-based ethanol. The deal confirms what’s been known for a while. When it comes to renewable energy, for Shell, it’s all about biofuels. Read More »