05-05-2025
Copersucar revenue to grow by $1.5 billion after Eco-Energy deal with Green Plains
SAO PAULO, May 5 (Reuters) - Brazilian company Copersucar's annual revenue will grow by $1.5 billion after its majority-held subsidiary Eco-Energy reached a deal to sell and distribute ethanol produced at Green Plains' (GPRE.O), opens new tab plants in the United States, Copersucar said on Monday.
As part of the deal, nine Green Plains distilleries will join Eco-Energy's marketing base, increasing its annual sales volumes by 50% to around 9 billion liters of ethanol, up from roughly 6 billion liters currently, the firm said in a statement.
As a result of the partnership, Eco-Energy now holds some 15% of the U.S. domestic ethanol market, the statement said.
"It's exciting to welcome Green Plains to the Eco-Energy platform. Our partnership creates one of the largest ethanol traders in North America," Eco-Energy's Chief Executive Craig Willis said.
"This scale will result in cost reductions and optimizations across the supply chain, as well as increased access to low-carbon markets," he added.
