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Marcelo Teixeira

UPDATE 1-Brazil looks to expand share in global coffee trade after 2019 record

15 Jan 2020

SAO PAULO, Jan 15 Brazilian exporters believe they will increase their already large share in the global coffee trade in 2020, possibly exporting more than the record 2019 volume, due to an expected fall in output coming from other producing countries.

RPT-Sugar's surge to two-year high has Brazilian mills considering output change

15 Jan 2020

SAO PAULO, Jan 15 Brazilian sugar mills are considering increasing their raw sweetener output at the expense of ethanol for automobile fuels after sugar futures surged to a two-year high this week, analysts said this week.

Sugar's surge to two-year high has Brazilian mills considering output change

15 Jan 2020

SAO PAULO, Jan 15 Brazilian sugar mills are considering increasing their raw sweetener output at the expense of ethanol for automobile fuels after sugar futures surged to a two-year high this week, analysts said this week.

FACTBOX-Brazil's nascent corn ethanol industry

18 Dec 2019

By Marcelo Teixeira CUIABA, Brazil, Dec 18 In just two years, the Brazilian grains belt has seen surging interest from the corn-based ethanol industry, including new plans from major grain traders and energy groups. Brazil's Mato Grosso state, the country's top grains producer, is home to most projects, followed by the neighboring state of Goiás. Most of the new plants use both corn and sugarcane to produce the biofuel, allowing them to operate for more of the year and gain energy efficiency by burning cane waste. The following is a list of operational and planned projects: PLANT LOCATION TYPE STATUS CAPACITY Usimat Campos de Julio-MT* Flex** Operational 200*** FS Bioenergia Lucas do R.Verde-MT Full Operational 500 Usina Libra S.J.do Rio Claro-MT Flex Operational 180 Porto Seguro Jaciara-MT Flex Operational 60 SJC Bioenergia Quirinópolis-GO Flex Operational 160 Usina Rio Verde Rio Verde-GO Flex Operational 20 Cooperval Jandaia do Sul-PR Flex Operational 20 Usina Caçu Vicentinópolis-GO Flex Operational 48 -------------------------------------------------------------- FS Bioenergia Sorriso-MT Full U.Construction 530 INPASA Sinop-MT Full U.Construction 525 Etamil C.Novo do Parecis-MT Flex U.Construction 290 Cerradinho Chapadão do Céu-GO Flex U.Construction 230 Sao Martinho Quirinópolis-GO Flex U.Construction 200 Alcooad Nova Marilândia-MT Full U.Construction 225 -------------------------------------------------------------- FS Bioenergia C.Novo do Parecis-MT Full Project 530 FS Bioenergia Nova Mutum-MT Full Project 530 FS Bioenergia Primavera do Leste-MT Full Project 530 Santa Clara Vera-MT Full Project 17 Millenium Jaciara-MT Flex Project 200 Millenium Tabaporã-MT Flex Project 200 INPASA/O+ Nova Mutum-MT Full Project 280 -------------------------------------------------------------- Sources: Datagro, UNEM, equipment makers, market filings Compilation: Reuters -------------------------------------------------------------- *Acronyms for states: MT: Mato Grosso GO: Goiás PR: Paraná -------------------------------------------------------------- **Project type flex: uses cane and corn as raw materials Project type full: uses only corn -------------------------------------------------------------- ***Capacity: in million liters of ethanol per year -------------------------------------------------------------- (Reporting by Marcelo Teixeira)

Exclusive - Brazil corn ethanol push gains momentum as COFCO, AMaggi, Raizen weigh entry

18 Dec 2019

CUIABA, Brazil Chinese commodities trader COFCO, Brazilian grains group AMaggi and a Shell-Cosan joint venture are working on plans to build their first corn ethanol plants in Brazil, according to their suppliers, breaking sugarcane's lock on the biofuel locally.

Brazil to promote ethanol in Bolsonaro visit to India - Unica

17 Dec 2019

SAO PAULO Ethanol will be one of the main items on the agenda of Brazilian President Jair Bolsonaro's official visit to India in January, sugar and ethanol industry group Unica said on Tuesday.

Quality coffee shortage trips up funds to send prices soaring

05 Dec 2019

* Central America, Colombia, Brazil all short of quality coffee

UPDATE 1-Cosan's subsidiary Raízen taking part in Brazil's refinery bidding round

03 Dec 2019

(Adds executives comment, context on Petrobras bidding round) By Marcelo Teixeira SAO PAULO, Dec 3 Brazilian energy group Cosan Ltd said on Tuesday its subsidiary Raízen is taking part in the bidding round organized by state-run oil company Petrobras for the sale of several refineries in the country. Cosan's Chief Financial Officer Marcelo Martins told analysts and investors Raízen was still at the analysis stage regarding the possibility of buying a refinery from Petrobras, and said that the return required would be quite high for the risk. Reuters reported last week that Raízen was among a group of investors selected for Petrobras in the bidding round for the first four refineries to be sold. In total, Petrobras, or Petroleo Brasileiro SA, plans to sell eight refineries in Brazil, including its large, recently built Abreu e Lima unit, as the company wants to focus on oil exploration (see table below). The company currently has a near refining monopoly in Brazil, so the plan will open a whole new area for private investment. Martins said the fact that Raízen, a joint venture between Cosan SA and Royal Dutch Shell Plc, controls a large fuel distribution business in Brazil is a key factor behind its interest in the refineries. "We would not have looked into this if we didn't have the distribution," he said. Raízen operates Brazil's second largest fuel distribution business, only behind BR Distribuidora, having a chain of gas stations across the country under the Shell banner. Among the aspects under evaluation for a possible refinery move, Martins mentioned the price of the asset, the potential for cost reduction once it takes the unit and the size of the return on the investment, which "should be high enough to maybe compensate the large risk of taking this type of investment". Cosan's Chief Executive Marcos Lutz said the outlook finally appeared more positive for the fuel market in Brazil, after basically three years of contraction. "The fuel market is reacting, we've seen sustainable growth in sales for the last two months, we see organic growth coming next year," he said. Larger fuel sales could boost margins, Lutz said, which have been tight due to the recent contraction. See below details of the refineries put up for sale by Petrobras: REFINERY LOCATION CAPACITY OPERATIONAL (STATE) (BPD) SINCE Abreu e Lima Pernambuco 230,000 2014 Landulpho Alves Bahia 323,000 1950 Gabriel Passos Minas Gerais 150,000 1968 Getúlio Vargas Paraná 207,000 1977 Alberto Rio Grande do 201,000 1968 Pasqualini Sul Isaac Sabbá Amazonas 46,000 1957 Lubnor Ceará 8,000 1966 Unidade Xisto Paraná 5,800* 1972 *tonnes of shale per day (Reporting by Marcelo Teixeira Editing by Chizu Nomiyama and Tom Brown)

BP, Bunge complete Brazil deal to form world's No.2 cane processor

02 Dec 2019

SAO PAULO British oil major BP Plc and U.S. commodities trader Bunge Ltd announced on Monday the completion of a deal to combine their sugar and ethanol operations in Brazil, creating the world's second largest cane processor.

BP, Bunge complete Brazil deal to form world's No.2 cane processor

02 Dec 2019

SAO PAULO, Dec 2 British oil major BP Plc and U.S. commodities trader Bunge Ltd announced on Monday the completion of a deal to combine their sugar and ethanol operations in Brazil, creating the world's second largest cane processor.

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