Cosan S.A. (Cosan) operates as an integrated energy and logistics company.
In 2023, the company sold all of its equity interest in Sinlog Tecnologia em Logística S.A. or ‘Trizy’.
The following companies are part of the company: Raízen (which is under joint control), Compass (Compass Gás e Energia) and its subsidiaries Comgás, Commit Gás e Energia S.A., or ‘Commit’ (previously known as Petrobras Gás S.A. - Gaspetro), Sulgás (Companhia de Gás do Estado do Rio Grande do Sul), Moove and Rumo, and...
Cosan S.A. (Cosan) operates as an integrated energy and logistics company.
In 2023, the company sold all of its equity interest in Sinlog Tecnologia em Logística S.A. or ‘Trizy’.
The following companies are part of the company: Raízen (which is under joint control), Compass (Compass Gás e Energia) and its subsidiaries Comgás, Commit Gás e Energia S.A., or ‘Commit’ (previously known as Petrobras Gás S.A. - Gaspetro), Sulgás (Companhia de Gás do Estado do Rio Grande do Sul), Moove and Rumo, and Radar, through which the company controls real estate companies, among others. The company also has a minority stake in Vale S.A. (Vale), a mining company.
Raízen, a joint venture between the company and Shell created in June of 2011, produces more than three billion liters of ethanol per year to supply both domestic and international markets and 5.8 million tons of sugar, with 1.6 GW of installed capacity - making it one of the largest sugar exporters and one of the world’s largest power generators of electricity from sugarcane bagasse. The company plants, harvests and processes sugarcane, the main raw material used in the production of sugar and ethanol. Raízen also distributes fuel to over 8,204 service stations throughout Brazil, Argentina and Paraguay under the Shell brand, with more than 2,000 Shell Select convenience stores, 74 distribution terminals and presence in 69 airports supplying jet fuel.
Compass was created in March 2020 to expand and diversify the gas market in Brazil. Compass has invested in the Brazilian natural gas market, with operations grouped into two segments: (i) distribution and (ii) marketing and services. The distribution segment operates through two vehicles that hold stakes in Comgás, Brazil’s largest natural gas distributor, and in 6 other gas distributors managed by Commit, a subsidiary of Compass. Commit’s assets are organized with a focus on the Central-South regions of Brazil, where it owns 49% of Sulgás, and Necta, which is directly controlled by Commit. In addition to its indirect interest through Commit, Compass also has an indirect interest Sulgás through its wholly-owned subsidiary, Compass Um Participações S.A., giving Compass control of Sulgás.
The marketing & services segment offers alternative natural gas supply options to consumers while promoting decarbonization for all its customers, whether connected to the distribution network or off-grid, displacing other energy sources through road transportation. This business model relies on strategic assets such as the TRSP (São Paulo Regasification Terminal located in Santos), biomethane assets and contracts, LNG B2B (liquefied natural gas), other infrastructure projects, and gas trading.
Through Moove, the company produces and distributes automotive and industrial lubricants. Under the Mobil brand, Cosan S.A. operates in Brazil and in nine other countries: in South America, Argentina, Bolivia, Uruguay and Paraguay (South America); in North America, the United States of America; and in Europe, Spain, France, Portugal and the United Kingdom. These operations are aligned with Moove’s strategy of leveraging the ExxonMobil strategic partnership and expanding its operations globally. In addition, Moove operates through a range of proprietary brands, which include the ‘Tirreno’ brand in Brazil and the ‘Comma’ brand in the United Kingdom (through which it also sells its products to over 40 other countries in Europe and Asia). Following the company’s acquisition of PetroChoice in May 2022, Moove also operates throughout the United States under the main brands ‘EcoUltra, Medallion Plus and Dyna-Plex 21C’.
Rumo is Latin America’s largest logistics operator, with an independent railway base, and offering a broad range of rail transportation logistics services, port loading and storage. The five railway concessions Rumo operates are in the States of Mato Grosso, Mato Grosso do Sul, São Paulo, Tocantins, Goiás and the States of Brazil’s south region (Paraná, Santa Catarina, and Rio Grande do Sul). Rumo is a leader in the transport of sugar for exportation and is creating an integrated transport platform that will significantly increase the efficiency of Brazilian exports. In addition, following Rumo’s merger with ALL, Rumo has become one of the most important transportation and port operators for grains and other commodities in Brazil.
The company’s real estate operations are conducted through Radar, Radar II, Tellus, Janus, Gamiovapar and Duguetiapar. These companies focus on acquiring rural properties to be subsequently leased or sold to third parties. Radar is a land management company that invests in assets with high productivity potential in Brazil. It owns and manages approximately 417 rural properties covering a total of 91,176 hectares, and harvests sugarcane, soy, cotton, corn and other commodities in the states of São Paulo, Maranhão and Mato Grosso. Radar manages its properties using a satellite-based geomonitoring system and it is well-positioned to create carbon credits. Cosan acquired additional stakes in Tellus, Janus, Gamiovapar and Duguetiapar in September 2022. Tellus, Janus, Gamiovapar and Duguetiapar are also land management companies that invest in agricultural land in Brazil and oversee approximately 427 rural properties, covering a total of 214,626 hectares (148,876 hectares of which are considered useful), dedicated to the harvesting of sugarcane, soy, cotton, corn and other commodities in several States of Brazil.
In October 2022, the company announced the acquisition of a 4.96% equity interest in Vale’s outstanding share capital (4.85% of its total share capital), one of the world’s leading mining companies. As of December 31, 2023, the company held a 3.91% equity interest in Vale’s total share capital.
Raízen
Raízen primarily operates in the energy sector and other synergistic activities. Raízen has increasingly consolidated itself as an integrated energy company with a diverse portfolio, from renewable sources such as biomass (and expanding to other sources, such as solar), to its core businesses of globally distributing and selling first- and second-generation ethanol (from sugarcane), sugar and other by-products to enterprise, or ‘B2B,’ customers, in Brazil, Argentina and Paraguay, and operating a network of service stations and airport bases. Raízen’s operations also include proximity retail, through Rede Integrada de Lojas de Conveniências e Proximidade S.A., or ‘Grupo Nós,’ a joint venture between Raízen and FEMSA Comercio, S.A. de C.V., or ‘FEMSA Comercio.’
Raízen’s operations include the production and marketing of ethanol, sugar, gasoline and diesel, and the cogeneration of energy.
Ethanol, Biomass and Electricity
Raízen produces and markets renewable energy and by-products of its bioenergy projects and of third parties, and seeks to expand its operations into other low-carbon energy sources. Raízen’s activities in the renewables segment encompass:
First-generation ethanol: This fuel is used in cars either on its own or mixed with gasoline. It can also be combined for industrial applications, including in pharmaceuticals, cosmetics, alcoholic beverages, sanitation and other industries.
Second-generation ethanol: Second-generation ethanol can be used for the same purposes as first-generation ethanol. The company is pioneers in producing second-generation ethanol on an industrial scale. Using sugarcane product residues (bagasse and straw), this technology will increase ethanol production capacity by up to 50% from the same acreage.
Electricity: Raízen produces electricity from sugarcane waste, and is expanding into other sources of energy, such as solar energy.
Biogas: In addition to using sugarcane waste for electric energy production, the company produces biomethane using sugarcane residues. Biomethane is a substitute for methane in various applications.
Biomass pellets: Pellets solve issues arising from the inefficient logistics of energy-rich biomass. They can be used to replace coal in thermoelectric plants, which bodes well for a promising international market with strong growth in demand expected in the coming years.
First-generation ethanol is produced in a chemical process called fermentation by which sugarcane used in ethanol production is processed in the same way as for sugar production and resulting molasses gets mixed with sugarcane juice and yeast in tanks. The by-product of the fermentation process is then boiled and distilled and/or dehydrated to produce the various types of ethanol. Raízen also produces second-generation ethanol, or ‘E2G,’ which emits 80% less carbon dioxide than fossil fuels. E2G is a cellulosic biofuel made according to the company’s proprietary technology. The process of making E2G consists of hydrolysis and fermentation of bagasse and straw with enzymes and yeasts. Raízen is a pioneer in developing carbon circularity from the by-products of its production processes. Raízen introduced biogas technology in its bioenergy parks, which is produced through a biodigestion process from vinasse and filter cake, and can be a substitute for methane in its various applications, including in the production of electricity. Raízen also produces other products derived from sugarcane biomass such as the steam from excess bagasse in boilers, which can be used to move mechanical parts in bioenergy parks, as well as to generate electricity sold to the grid.
Raízen is able to transport ethanol and sugar production from its extensive infrastructure of port terminals and bioenergy parks in the Central-South region of Brazil. Raízen also has terminals connected to the most efficient modes of transportation and strategic positioning in the main ports to export production, in addition to having its own teams to market production both in Brazil and overseas. The logistics of delivering products to customers depend on the complexity and the potential to capture value by advancing development into the supply chain.
In addition to sugar and ethanol, Raízen also sells any excess energy produced from processing sugarcane in its bioenergy parks through energy auctions conducted by the government of the state of São Paulo. Furthermore, Raízen began advances into the value chain (production, logistics, marketing and refining) by replicating the same model applied to its ethanol business.
Sale and Distribution of Fuel
Raízen produces, distributes and sells fuels and other specialties. Raízen’s primary products include ethanol, gasoline, diesel, vehicular natural gas, kerosene and aviation fuel, lubricants, and oil fuel. In addition, Raízen operates proximity retail stores both within and outside service stations, offering consumer products and services like bakeries, tobacco, groceries, hygiene and cleaning products, food products, and beverages.
Raízen is the largest fuel distributor in Paraguay, and the second-largest in Brazil and Argentina. Its operations consist of the purchase, storage, mixing and distribution of gasoline, ethanol, diesel and aviation kerosene through a network of over 8,204 retail service stations licensed with the Shell brand (over 1,640 of which feature integrated convenience stores), and have recorded consistent year-on-year growth. Raízen’s logistics infrastructure in the segment has been built over more than 100 years, and is strategically located close to major consumer markets. Raízen has 74 land distribution terminals, and storage capacity for approximately 1.4 billion liters. In the aviation market, Raízen operates through 69 supply bases in Brazilian and Argentinean airports.
Raízen has a complete platform focused on B2B2C and B2B customers (B2B2C refers to situations in which the company’s products go through an intermediary before reaching the final customer) that support its strategic objective to be the preferred choice for resellers and customers in the markets in which it operates.
Since 2017, Raízen has invested in increasing the productivity and safety of its partner carriers and reducing logistical costs through the ONE Project, focusing on real-time management of the routes for the company’s entire fuel tanker fleet from a monitoring center. Further, Raízen’s capillarity enables it to reach over 50 million consumers in Brazil, who benefit from Raízen’s investments in the development of innovative payment methods and cloud-based platforms such as Shell Box, which is a mobile application that enables customers to enjoy contact-less payment solutions, promotions and other benefits.
Moreover, Raízen’s store models allow it to serve different segments in markets with different characteristics, as well as different profiles and purchase needs. This commercial proposal is leveraged by long-term partnerships with the main fast-moving consumer goods companies, generating new forms of monetization and ensuring better competitiveness for the company’s stores, while transforming its network into a strategic channel to launch and position the company’s products. Raízen combines this strategy with promotional and marketing activity in all its stores.
Finally, Raízen has over 6,000 customers in the B2B market in Brazil and in Argentina, which are categorized into over different segments (e.g., cargo and passenger transport, agricultural and mining sectors). The B2B strategy is focused on customer loyalty through an offering of premium technology products (such as Shell Evolux, Shell Rimula and Shell Helix portfolios) and carrier fleet control tools. This strategy, which connects the company’s physical and digital presence, has the potential to create a leading omnichannel platform in the market, in addition to offering financial, procurement, engineering and Health, Safety, Security and Environment, or ‘HSSE,’ solutions for the company’s customers.
Sugar
Raízen produces and markets a variety of sugars from the company’s bioenergy projects and from third parties, such as raw sugar (or very high polarity sugar, or ‘VHP’), refined sugar and liquid sugar.
Sugarcane is the main raw material used in Raízen’s bioenergy parks. It is a photosynthetic metabolism plant which has four essential attributes: (1) sugarcane is best suited to convert solar energy into biomass when compared to other crops with which Raízen’s products compete; (2) sugar is the basis for a diversified product portfolio, which includes sustainable foods, biofuels, bioelectricity and bioproducts or biomaterial. This is consistent with Raízen’s strategy, which includes: Bonsucro, ELO, Raw Materials and Deforestation; (3) low carbon footprint in Raízen’s products due to circularity and waste optimization; and (4) high levels of productivity in the Brazilian Central-South region, due to certain natural characteristics of the region (including soil, climate and other factors), combined with access to logistical infrastructure for the outflow of production.
Raízen received the Bonsucro certification for its bioenergy parks and became responsible for a large portion of sugarcane certified under this model globally. In addition to the Bonsucro certification, Raízen has led the creation of an innovative program in the sugar and ethanol industry, the ELO program, which provides a system of continuous improvement and technical assistance to third-party sugarcane suppliers. Generating shared value within the company’s raw material supply chain is an important part of the company’s business. In connection with the Elos program, the company’s Cultivar program offers solutions to its partner producers across their business life cycles. These producers accounted for approximately 93% of all the third-party sugarcane purchased for the 2022/2023 harvest.
As a result of the circular nature of the sugarcane production process, sugarcane-derived products have a low carbon footprint, and can therefore serve as substitutes for fossil and/or products with high environmental impact. For example, consistent with the Bonsucro certification, Raízen’s operations cause no deforestation, and all of its raw materials are subject to sustainability programs.
Raízen’s sugar production encompasses a three-step process: (i) sugarcane is processed for juice extraction; (ii) the product is filtered to remove impurities and boiled to crystallize sugars; and (iii) the product is passed through a centrifuge for the production of the final product, raw sugar or VHP. This can then be refined, dried and packaged in Raízen’s refineries. This process is routinely optimized through Raízen’s proprietary technologies supporting decisions and driving its business.
Regulation
The company is subject to the regulations of the pollution control and remediation agencies of several Brazilian states, such as:
Environmental Company of the state of São Paulo (Companhia Ambiental do Estado de São Paulo—CETESB);
Environmental Agency of the state of Goiás (Secretaria de Estado de Meio Ambiente e Desenvolvimento Sustentável —SEMAD); and
Environmental Institute of the state of Mato Grosso do Sul (Instituto de Meio Ambiente do Mato Grosso do Sul—IMASUL).
The company has voluntarily signed the Agro-Environmental Sugarcane Protocol, which establishes accelerated deadlines for the reduction of sugarcane burning.
The company is subject to Brazilian Federal Law No. 12,651, dated May 25, 2012, or the ‘Brazilian Forest Code,’ which prohibits land use in certain permanently protected areas, and obligates the company to maintain and register a forest reserve in each of the company’s rural landholdings covering from 20% to 80% of the total area of such land, known as ‘Legal Reserve.’
The activities related to generation and commercialization of electricity performed by Raízen are subject to ANEEL’s supervision.
Raízen and its subsidiaries also operate in the distributed energy generation segment, wherein projects enjoy the benefits of ANEEL Normative Resolution No. 482/2012, or ‘Resolution 482’ – in particular, an exemption from charges on the transmission and distribution of electricity.
Compass
Compass’s subsidiary, Comgás, is Brazil’s largest distributor of piped natural gas, with a network reaching 21,908 kilometers and delivering natural gas to more than two million residential, commercial and industrial consumers in about 177 cities, including 93 municipalities in the metropolitan areas of São Paulo, Campinas and Santos, as well as the Paraíba Valley. Sulgás and Necta have a distribution network of approximately 2,842 km, serving over 133.7 thousand customers, and in 2023 distributed a volume of 2.74 million cbm/day.
Comgás’s supply of natural gas is sourced primarily from Petrobras, with contracts in Bolivia and Brazil having been entered into. The company’s natural gas supply agreement with Petrobras will expire in 2024.
Regulation
In addition to the regulation by ANP, Compass’s activities are also supervised and regulated by ARSESP and ARGERGS, with which it maintains continuous dialogue through its directorate for Regulatory and Institutional Affairs in order to enhance or formulate industry policies.
The company’s subsidiaries Comgás and Necta, are the concessionaires for the public distribution of natural gas for part of the state of São Paulo pursuant to Decree No. 43,888, of March 10, 1999, or Decree No. 43,888/99, and concession agreement No. CSPE/01/99, entered into on May 31, 1999 with the state of São Paulo (as amended), which at the time was represented by the Public Energy Services Commission of the state of São Paulo, and has since been replaced by the ARSESP.
In the case of the state of Rio Grande do Sul, the company’s subsidiary Sulgás is the concessionaire for the public service of natural gas distribution. The company was established by State Law No. 9,128, of August 7, 1990, and is authorized to operate as the state’s distributor for a term of 50 years, pursuant to a concession agreement entered into on April 19, 1994.
Moove
Moove is responsible for the manufacturing and distribution of passenger vehicle lubricants, commercial vehicle lubricants, industrial lubricants and special application products such as greases, cutting oils and car care products under the Mobil brand, operates in Brazil and in nine other countries: Argentina, Bolivia, Uruguay, Paraguay, the United States of America, Spain, France, Portugal and the United Kingdom. This is consistent with Moove’s strategy of leveraging the ExxonMobil partnership and expanding abroad. Under the ‘Comma’ brand, Moove also operates in the United Kingdom, selling its products to over 40 other countries in Europe and Asia.
Moove has five production plants. In Brazil there are two plants, one in the city of Rio de Janeiro, state of Rio de Janeiro, where the largest plant of the business, with its own pier, is located, and the second one, in the city of Diadema, state of São Paulo, where products are produced under the Tirreno brand. Outside Brazil, Moove has a plant in Gravesend, England, where it produces and distributes lubricants, as well as other automotive products, such as antifreeze, additives and coolants, destined for the UK markets and exported to some European and Asian countries, mainly under the Comma brand. Moove also has two other plants in the United States in the cities of Wichita, Kansas, and another one in Indianapolis, Indiana, where lubricants and other automotive products are produced under the Dynaplex, Ecoultra and Medallion Plus brands. Through these plants, Moove produces and markets a comprehensive portfolio of lubricant products and specialties for various sectors, from automotive to industrial.
The company has distribution and production rights for Mobil brand products in Brazil and distribution rights in Bolivia, Paraguay and Uruguay following the purchase of ExxonMobil’s lubricant distribution business in these latter three countries in 2011.
Rumo
The company’s logistics operations are conducted through Rumo, which offers an integrated logistics solution to many sectors, but primarily to agricultural commodity producers across Brazil, connecting the main producing regions with Brazil’s four main ports. Rumo also offers warehousing services.
Rumo also provides intermodal transportation logistics services, which is the movement of freight via container using two or more modes of transportation (generally rail and truck).
In November 2022, Rumo concluded the sale of 80% of its equity interest in its then wholly owned subsidiary EPSA whose main operation is the storage and handling of grains and sugar. Rumo continues to hold a 20% stake in the entity, making up Rumo’s portfolio of port assets.
Operational Segments
Rumo conducts its operations through three segments that correspond to the main markets in which it operates: (1) the north operations business segment, or ‘Northern Operations,’ comprising the Rumo Malha Norte, Rumo Malha Paulista and Rumo Malha Central S.A., or ‘Rumo Malha Central,’ rail concessions, Rumo’s transshipment terminals located in the states of Mato Grosso and São Paulo, and its port operation in Santos; (2) Rumo’s south operations business segment, or ‘Southern Operations,’ comprising the Rumo Malha Oeste and Rumo Malha Sul rail concessions and Rumo’s transshipment terminals located in the state of Paraná; and (3) Rumo’s container operations business segment, or ‘Container Operations,’ comprising the operations of Brado Logística which focuses on container logistics, whether by rail or road transport, and the results of container operations on the networks.
Major Customers
The majority of the cargo Rumo transports is for the agricultural commodities industry. Rumo’s major clients are export companies participating in this market, such as Bunge, Cargill, ADM, COFCO, Amaggi and Louis Dreyfus. In the year ended December 31, 2023, Bunge accounted for 10.4% of Rumo’s total net revenue, while Rumo’s six major clients accounted for 50.2% of its total net revenue in the same period.
Rumo’s major clients in the rail sector are export companies such as Cargill, Bunge, ADM, Amaggi, COFCO and Louis Dreyfus. In the year ended December 31, 2023, Bunge accounted for 12.1% of Rumo’s net revenue from services in the rail sector, while Rumo’s six major clients in the rail sector jointly accounted for 54.1% of its net revenue from services in that sector.
Seasonality
Rumo is subject to the seasonality that influences the sugarcane and grain harvest. During the peak months of the harvests, there is higher demand for transport and logistics operations.
Regulation
Rumo’s activities are subject to extensive regulation by public authorities, especially by the Brazilian Ministry of Infrastructure, the ANTT and ANTAQ.
Rumo possesses an interstate railroad network, and pursuant to the Complementary Federal Law No. 140/2011, the Brazilian Institute of Environment and Natural Resources (Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis), or ‘IBAMA,’ is the federal entity competent for licensing these activities.
Rumo holds equity interests in: (1) Terminal XXXIX and the adjacent areas for moving agricultural products and bulk as well as other goods capable of being transported in those port installations, through a port lease agreement due to expire in 2050; (2) Portofer Transporte Ferroviário Ltda., which leases facilities, equipment and railroad tracks for the transportation of goods and import/export through the right and left banks of the port of Santos, by means of a lease agreement with Portofer Transporte Ferroviário Ltda. due to expire in 2025; (3) Terminal de Graneis do Guarujá (TGG), located on the left bank of the port of Santos, for the transport of solid and liquid bulk, through an area used by Rumo Malha Norte via a leasing agreement due to expire in 2027; and (4) Terminal Marítimo do Guarujá (TERMAG), located on the left bank of the port of Santos, mainly for the transport of solid and liquid bulk, through an area used by Rumo Malha Norte via a lease agreement due to expire in 2027.
Real Estate
The company’s real estate operations are conducted through Radar, Tellus, Gamiovapar, Duguetiapar and Janus. Through these companies, the company acquires rural properties to be leased or sold to third parties. Radar, Tellus, Janus, Gamiovapar and Duguetiapar together manage approximately 305,802 hectares of land in the Brazilian states of São Paulo, Goiás, Mato Grosso, Maranhão, Minas Gerais, Tocantins, Bahia and Piauí.
In November 2021, the company concluded the acquisition of an additional interest in Radar. This initiative is aligned with the company’s capital allocation strategy and reinforces the company’s commitments to the sustainable development of Brazilian agribusiness while creating value to all stakeholders. On September 30, 2022, the company entered into a share purchase agreement for the acquisition of an additional stake in Tellus Brasil Participações S.A., Janus Brasil Participações S.A., Gamiovapar Empreendimentos e Participações S.A. and Duguetiapar Empreendimentos e Participações S.A.
Regulation
The company is subject to regulation by the following principal governmental agencies:
Instituto Nacional de Colonização e Reforma Agrária or ‘INCRA’: Responsible for regulating the ownership of agricultural properties. This agency monitors the operation of the agricultural properties.
Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis, or ‘IBAMA’: A regulator, responsible for environmental licenses relating to operations.
Local environmental agencies: The Secretarias de Meio Ambiente Estaduais (State Secretariats for the Environment), Secretaria do Meio Ambiente or ‘SEMA – MT,’ Secretaria do Meio Ambiente or ‘SMA’ and Instituto do Meio Ambiente e Recursos Hídricos or ‘INEMA’.
Furthermore, certain of the company’s activities, such as land ownership and georeferencing processes, are regulated by several Brazilian laws, including but not limited to the Brazilian Constitution. INCRA is responsible for approving georeferencing procedures necessary for registering any title of acquired agricultural property in Brazil. The company is also subject to the Brazilian Forestry Code, which prohibits land use in certain permanently protected areas, and obliges the company to maintain and register a forestry reserve in each of the company’s rural landholdings covering at least 20% of the area in any such property. The responsibility for maintenance of forestry reserves and permanent preservation areas as required by law falls jointly upon the landowners (in the company’s case, Radar) and any tenants.
Vale
In October 2022, the company completed the acquisition, through a subsidiary and via the combination of direct investments and derivative operations, of a stake corresponding to 4.96% of Vale’s outstanding share capital (4.85% of its total share capital). As of December 31, 2023, the company held a 3.91% of Vale’s total share capital.
Vale was created by the Brazilian federal government on June 1, 1942, by Decree-Law No. 4,352 for the purpose of exploiting, marketing, transporting and exporting iron ore from the mines of Itabira, state of Minas Gerais, and of exploiting the Vitória-Minas railroad, which transported iron ore and agricultural products through the Rio Doce valley in southeastern Brazil to the port of Vitória, located in the state of Espírito Santo.
Competition
Raízen
In its international operations, Raízen faces competition from several other fuel distributors, including YPF, Axion and Puma, among others.
Raízen’s major competitors in Brazil are Tereos - Guarani, Bunge, Santa Terezinha and São Martinho, among others.
Trademarks
As of December 31, 2023, the company owned 492 trademarks in Brazil, 137 of which were owned by Cosan S.A., 28 of which were owned by Rumo S.A., with the remaining 327 owned by other companies of the Cosan Group. All material trademarks for the company’s business are registered or have been submitted to INPI by the company or its affiliates.
Research and Development
The company’s total research and development expenditure amounted to R$12.0 million in the year ended December 31, 2023.
History
Cosan S.A. was founded in 1936. The company was incorporated in 1966.
