Raizen, Iogen to develop commercial cellulosic ethanol project in Brazil

SAO PAULO, BRAZIL: Raizen has committed an initial investment to develop a commercial cellulosic ethanol project in Brazil with Iogen. The investment, the first step toward the commercialization of cellulosic biofuels technology in Brazil, will cover development and engineering costs associated with the front end design of a biomass-to-ethanol facility to be co-located with Raizen’s Costa Pinto facility in Piracicaba, Sao Paulo.

The deal comes after Raizen conducted a thorough review of cellulosic technologies and concluded that Iogen is the company with the most advanced technology ready for commercialization at Raizen’s sugar cane ethanol facilities.

“We believe Iogen has one of the most robust, well proven, and competitive technologies in the cellulosic ethanol business. This is a first step in our strategy to make cellulosic ethanol in association with sugar cane production operations. We see tremendous potential for this technology in meeting the world’s growing demand for cleaner and more sustainable fuels,” said Vasco Dias, CEO, Raizen.

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