Cosan Will Benefit from Exporting to Japan - trackseekingalpha

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Cosan Will Benefit from Exporting to Japan
Jul 14, 2009 05:35 PM UTC

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Via Long Investment Ideas from Seeking Alpha:

Yesterday, Cosan S.A. (CZZ) (Analyst Report), the Brazilian sugar and ethanol producer, signed a three year contract with Mitsubishi of Japan for exporting ethanol fuel to Japan. According to the contract, the price will be based on the ethanol rates in Brazil.

Approximately 80 million liters of ethanol are likely to be exported every year, which will be transformed into ETBE, a combination of ethanol and isobutylene, in Japan. ETBE directly mixed with gasoline helps in eliminating distribution network modifications than ethanol mixed with gasoline.

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