Phillipe Casale, IR Head at Raizen, pointed out, during a conference call, the investment of R$ 50 million on the construction of the second-generation cellulosic ethanol plant in Guariba/ SP. He also said that two other plants are expected to be built throughout the year 2022/23. “We ended the crushing period of the crop year with almost 76 million tons of processed cane. The 13% drop compared to last year was a consequence of the drought and frost, which reduced the availability of sugarcane in the south-central region,”. Casale said the company’s goal is to reach around 90% in the sales of sugar. “I would like to highlight the evolution of sugar prices that have already been fixed by Raízen. We have fixed prices for the next years, which should guarantee an evolution of the return in the business. This more positive scenario reflects Brazil’s lower crop with a more ethanol mix,” he said.
Source: Jornal Cana (*Translated by Ia Niani)