Nigerian Times

Shell and Cosan: fuelling a lower-carbon future with biofuels The Hague and São Paulo, June 2, 2011 /PRNewswire/ — Shell and Cosan today launched a multi-billion dollar joint venture that will become a leading producer of the low-carbon biofuel, ethanol made from sugar cane. Named Raízen, this major retail and commercial fuels company will operate in Brazil, one of the world's fastest-growing markets. In one of the biggest biofuels deals to date, Shell is combining its extensive retail experience, global network and research in advanced biofuels with Cosan's technical knowledge of producing biofuels on a large scale. Raízen will produce and sell over 2 billion litres a year of the lowest-carbon biofuel commercially available - ethanol made from Brazilian sugar cane. Shell is already one of the largest distributors of sustainable biofuels: now it is moving for the first time into production. The deal with Cosan is a major development in Shell's strategy of investing for sele...

20 Apr 2008 22:01 Africa/Lagos World Publics Say Oil Needs to Be Replaced as Energy Source COLLEGE PARK, Md., April 20 /PRNewswire-USNewswire/ -- A new WorldPublicOpinion.org poll finds that majorities in 15 of 16 nations surveyed around the world think that oil is running out and governments should make a major effort to find new sources of energy. Most think that future oil prices will be much higher. Only 22 percent on average believe that "enough new oil will be found so that it can remain a primary source of energy for the foreseeable future." Only in Nigeria does a majority (53%) endorse the view that governments can rely on oil in the long term. Instead, an average of 70 percent takes the position that governments should assume that "oil is running out and it is necessary to make a major effort to replace oil as a primary source of energy." The largest majorities endorsing this view are found in South Korea (97%), France (91%), Mexico (83%) and China (...