Raizen, Shell to supply second-generation ethanol to Ferrari F1 team

The International Automobile Federation, known as FIA, wants the F1 cars to use only sustainable fuels by 2025.

Raizen, Shell's joint venture with Brazilian sugar and ethanol producer Cosan SA is one of the few energy companies with commercial sales of second-generation ethanol, which is made from non-food biomass and generates 86 per cent less emissions than fossil fuels. The company is building a second factory to produce cellulosic ethanol, which will raise annual second-generation ethanol capacity from 40 million litres to 120 million litres by 2023.

Mussa said each new unit to produce second-generation ethanol costs between 800 million reais and 1 billion reais . The CEO added Raizen may have up to 35 second-generation ethanol units.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Raizen, Shell to supply second-generation ethanol to Ferrari F-1 teamSAO PAULO/RIO DE JANEIRO : Brazilian energy company Raizen SA and its shareholder Royal Dutch Shell Plc signed an agreement with the Ferrari Formula 1 team to supply second-generation, high-performance ethanol from next year, when the main motor racing category will begin using 10per cent ethanol blend in gasoli
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Raizen, Shell to supply second-generation ethanol to Ferrari F-1 teamSAO PAULO/RIO DE JANEIRO : Brazilian energy company Raizen SA and its shareholder Royal Dutch Shell Plc signed an agreement with the Ferrari Formula 1 team to supply second-generation, high-performance ethanol from next year, when the main motor racing category will begin using 10per cent ethanol blend in gasoli
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »