Raizen looking to reduce debt load with portfolio restructuring

In Brazil, Bloomberg reports that in response to the Brazilian central bank raising interest rates by nearly 3 percentage points over the past five months, Raizen is reconsidering its portfolio, looking to offload assets and put on hold construction plans for new ethanol plants as it seeks to reduce its debt. It will continue to move forward with the 2G ethanol plants that are currently under construction, however. In November, the company was already contemplating the potential sale of some of its 2G ethanol plants.