financetom
Business
financetom
/
Business
/
Copersucar revenue to grow by $1.5 billion after Eco-Energy deal with Green Plains
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copersucar revenue to grow by $1.5 billion after Eco-Energy deal with Green Plains
May 26, 2025 1:12 AM

SAO PAULO, May 5 (Reuters) - Brazilian company

Copersucar's annual revenue will grow by $1.5 billion after its

majority-held subsidiary Eco-Energy reached a deal to sell and

distribute ethanol produced at Green Plains' ( GPRE ) plants in

the United States, Copersucar said on Monday.

As part of the deal, nine Green Plains ( GPRE ) distilleries will

join Eco-Energy's marketing base, increasing its annual sales

volumes by 50% to around 9 billion liters of ethanol, up from

roughly 6 billion liters currently, the firm said in a

statement.

As a result of the partnership, Eco-Energy now holds

some 15% of the U.S. domestic ethanol market, the statement

said.

"It's exciting to welcome Green Plains ( GPRE ) to the Eco-Energy

platform. Our partnership creates one of the largest ethanol

traders in North America," Eco-Energy's Chief Executive Craig

Willis said.

"This scale will result in cost reductions and

optimizations across the supply chain, as well as increased

access to low-carbon markets," he added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved