Cosan

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Cosan S. A.
TypePublic
ISINBRCSANACNOR6
Industry
Founded1936; 86 years ago (1936)
Headquarters
São Paulo
,
Brazil
Key people
Luis Henrique Guimarães (CEO)
Revenue
  • Increase R$ 3.972 billion[1] (2019)
  • R$ 2.607 billion (2018)
  • Increase R$ 2.483 billion[1] (2019)
  • R$ 1.903 billion (2018)
Number of employees
45,000
Subsidiaries
Websitewww.cosan.com.br

Cosan is a public listed company, a Brazilian conglomerate producer of bioethanol, sugar and energy . The company operates in Brazil, Argentina, Uruguay, Paraguay, Bolivia. They also operate in the United Kingdom under the brand name Moove, manufacturing and supplying Lubricants, Greases, Cutting Fluids, Coolants and Aerosols.

History[]

Cosan began in 1936 in Piracicaba city in São Paulo (state), with the founding of its first factory for milling of sugar cane. From the second half of the 1980s, it quickly expanded operations through the acquisition of several factories in the State of São Paulo. Cosan cultivates, collects and processes sugar cane, the main raw material used in the production of sugar and ethanol. Its 23 plantings occupy almost 600,000 hectares of land and employ 45,000 people. In the food sector the company owns 11.5% of shares of , that merged with Cosan Alimentos in 2012.

Purchases and mergers[]

On April 24, 2008 Cosan announced the purchase of the portfolio of downstream fuel distribution plants from Esso in Brazil.

On March 13, 2009, the Group confirmed the incorporation of NovAmérica Agroenergia through a stock exchange operation between the Cosan and holding Rezende Barbosa, controller of NovAmérica.[2][3] With the acquisition, the group Cosan reinforces its position as the largest producer of sugar and alcohol in the world and will have an annual processing capacity of around 56 million tonnes of sugar cane, 10% of the Brazilian market, managing 23 plants.

On 3 May 2012, Cosan signed a memorandum of understanding to acquire the BG Group's 60.1% stake in Comgás.[4] The deal was completed in November 2012.[5]

Joint-Venture with Royal Dutch Shell[]

Main article: Raízen
Cosan's Costa Pinto sugar cane mill and ethanol distillery plant at Piracicaba, São Paulo.

On February 1, 2010 Cosan and Royal Dutch Shell announced the creation of a joint venture Raízen that merged their operations of sugar, ethanol and the distribution and marketing of fuels in Brazil. It formed the third largest distribution company in Brazil and the world's largest bioenergy operation.[6] The company is valued at US$12 billion.

References[]

  1. ^ a b "Consolidated Financial Statement 2019". Cosan S.A. 2019-12-31. Retrieved 2021-01-14.
  2. ^ "Archived copy". Archived from the original on 2009-08-26. Retrieved 2009-06-28.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ^ "Brazil's Cosan takes over NovAmerica, boosting lead in ethanol". Chemical Business Newsbase. 13 March 2009.
  4. ^ Lewis, Josh (2012-05-03). "BG to offload Comgas stake". Upstream Online. NHST Media Group. Retrieved 2012-05-03.
  5. ^ "BG Group Closes Sale Of Comgás Stake - Quick Facts". RTT News. 2012-11-06. Retrieved 2012-12-03.
  6. ^ "Shell bets on ethanol in $21 billion deal with Brazil's Cosan". Reuters. 1 February 2010.
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