In just over a year, Cosan has invested R$21 billion in new businesses, most of it (R$17.4 billion) in purchasing a 4.9% stake in mining giant Vale. And more is probably to come: the company will decide by mid-2024 on the construction of a terminal in the Port of São Luís, in the state of Maranhão, which would require $650 million in investments in its first stage. The endeavor is most likely to get off the ground. With 200 hectares of licensed area, the terminal, fully owned by Cosan, would be located six kilometers from the Carajás Railway, with a structure ready for two berths and a potential for initially handling 25 million tonnes/year. This capacity could be later expanded to 115 million tonnes/year.
Source: Valor Econômico/Datamar News