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.
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