In Brazil, Eco-Energy, a Copersucar subsidiary that operates in the United States in the marketing and distribution of ethanol, logistics and transportation services, and also natural gas, has just signed an exclusivity agreement with Green Plains Inc. Under the new agreement, Eco-Energy will assume, on an exclusive basis, the marketing and distribution of all ethanol production from Green Plains Inc. plants, offering market access, optimizations and efficiency gains to the supply chain.
The new partnership adds nine GPRE distilleries to Eco-Energy’s current sales base, which now has 26 partner distilleries. As a result, the average annual sales volume increases by more than 50%, from approximately 6 billion to approximately 9 billion liters. With this move, Eco-Energy now holds approximately 15% of the domestic ethanol market in the US and adds an average of US$1.5 billion (approx. R$9 billion) in annual revenue to the Copersucar ecosystem.
Tags: Brazil, Eco-Energy, ethanol
Category: Fuels