Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (128145)	2/1/2010 3:13:50 PM
From: elmatador	Read Replies (1) \| Respond to of 206131

Paul Senior must be salivating!!Shell, Cosan Sign $12B Brazilian JV Pact. Gains access to Cosan's sugarcane-crushing and ethanol production, which pumps out about 2 billion liters Paul Senior must be salivating!! Brazilian stocks gain as Cosan surges on ethanol deal Cosan's /quotes/comstock/13!czz/quotes/nls/czz (CZZ 8.60, +0.80, +10.26%) /quotes/comstock/30u!e:csan3 (BR:COSAN 23.45, +2.15, +10.09%) local shares jumped 12%, leading advancers, after a unit of Royal Dutch Shell /quotes/comstock/13!rds.a/quotes/nls/rds.a (RDS.A 56.48, +1.09, +1.97%) said it had signed a nonbinding memorandum of understanding to form a joint venture in Brazil to produce and distribute ethanol. Shell will contribute $1.625 billion in cash plus a plan for distributing the gasoline alternative over its network of 2,740 retail sites. In return, Shell is gaining access to Cosan's sugarcane-crushing and ethanol production, which pumps out about 2 billion liters of ethanol a year. See more on Cosan-Shell deal

To: Snowshoe who wrote (128145)	3/23/2010 12:50:01 PM
From: elmatador	Respond to of 206131

Ethanol prices dip in Brazil, dropped by an average 16.7% over the last five weeks even as the Indian government, reportedly, considers a plan to limit a comparatively high price of Rs 27/litre for doping-ready ethanol to only six months. Ethanol prices dip in Brazil Ethanol prices paid to producers in Sao Paulo, Brazil’s top ethanol producing state, dropped by an average 16.7% over the last five weeks even as the Indian government, reportedly, considers a plan to limit a comparatively high price of Rs 27/litre for doping-ready ethanol to only six months. Interestingly, the lower prices for ethanol to producers in Sao Paulo has not been passed on to consumers at petrol pumps, threatening to make ethanol less competitively priced compared to petrol, according to data compiled by the Brazilian Sugarcane Industry Association (UNICA). Prices at pumps in the same period fell by only 1%, UNICA reported. It is the largest organisation in Brazil representing sugar, ethanol and bioelectricity producers created in 1997, following government deregulation of the sugar and ethanol sectors. The developments are interesting against the backdrop of the current petrol and ethanol pricing developments in India, where sugarcane production dropped significantly in 2008-10, pushing sugar prices up to a phenomenal high. While the Kirit Parikh report recently recommended cutting subsidy and freeing petrol prices from control, the ongoing tussle over ethanol prices from oil marketing companies (OMCs) to sugar companies has also heated up over the last few weeks. The drop in ethanol prices has come despite a poor sugarcane harvest following heavy rains in Brazil and a drop in ethanol production. UNICA, in fact, has requested the Brazilian government to remove import duty on ethanol urgently to ease the situation after some states cut doping percentage by 5-10%. In India, food minister Sharad Pawar has been pushing for hike in price for ethanol in fresh supply contracts for a longer term but the chemical and alcohol industry has been protesting vehemently. This, on the contention that the higher price would encourage sugar mills to sell to OMCs for the EBP (ethanol blending programme) first rather than, as specified by the National Biofuel Policy, first meeting the needs of the industrial/chemical and potable alcohol sectors before catering to EBP needs. Worse, the substantial hike in price for doping-ready ethanol would significantly push up ethanol prices for other sectors, too. Against the backdrop, fertiliser and chemicals minister MK Azhagiri wrote to the PM recently, urging that the government should ensure that needs of the chemical and industrial/potable alcohol sectors be met on priority and that prices be kept reasonable. OMCs, who have not been very happy about the higher prices, proposed in the fresh contracts have also brought pressure to bear on the Centre over ethanol prices through petroleum minister Murli Deora. Not surprising, considering that the fresh ethanol supply contracts, at higher prices were being virtually forced on the OMCs although they had the option, when the earlier contracts expired in November 2009, to extend these by a year at the same supply price.