Raízen starts sugar crop with $61.6 mm in new equipment

Raízen, a joint venture between Cosan and Royal Dutch Shell, spent R$345 million ($61.6 mm) to start the new sugar crop with 509 new pieces of equipment and trucks to serve about one third of its own sugarcane area, which amounts to 350,000 hectares. With new technologies, the company expects to reduce diesel consumption in 2 million litres per year. Fuel is the company’s main cost component and represents around 25% of operating expenses.

Source: Valor International