Sumitomo invests in Cosan’s sugarcane pellet business

Sumitomo Corp. recently signed a contract to acquire up to 20 percent of Cosan Biomassa S.A., a subsidiary of the world’s largest sugar and ethanol company, Cosan S.A.Industria e Comercio, and producer of sugarcane pellets for power generation.

“Brazil is already among the largest producers and exporters of agricultural commodities in the world.  Pelletized biomass is a new commodity being created to serve the low carbon economy,” said Mark Lyra, Cosan Biomassa CEO.

Read the full story at Biomass Magazine