Shell’s $1.6 billion investment http:in Brazil’s Cosan to create a $12 billion joint venture indicates the company’s growing comfort with the economics of biofuels. Of course, sugarcane-based ethanol has always been far more viable economically than the U.S. focus on corn ethanol. Nevertheless, creating a separate JV integrating a variety of biofuels routes with an extensive fuel distribution network is a bold, long-term move.
Shell, unlike ExxonMobil (which has concentrated its biofuel foray to those from algae), has built a portfolio of biofuel investments. Virent
