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Raizen Receives Final Approval for Acquisition of Biosev, an Industrial Info Market Brief

Raizen Receives Final Approval for Acquisition of Biosev, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 105 Words

Raizen Energia, a joint venture between Royal Dutch Shell and Cosan, has received final approval by Brazil's Administrative Council for Economic Defense (CADE) to take over all assets of Biosev SA, a subsidiary of Louis Dreyfus Company.

Following the merger, Raizen will bolster its portfolio, with a total of 35 production facilities, and annual sugarcane crushing capacity of 105 million tons (a 15% increase) in addition to 4.9 million tons of sugar production and 3.8 billion liters of ethanol production.

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