Brazil's Raizen to sell second-generation ethanol to Shell

(Reuters) - Brazilian energy company Raizen said it has agreed to sell second-generation ethanol (E2G) produced from sugarcane biomass to Shell SHEL.L until 2037, under a program that includes building five new E2G plants.

Raizen, a joint venture between Shell and Cosan, said in a securities filing that investments in the program are expected to reach $1.19 B.

Sales volume is seen reaching 3.3 B liters, Raizen said, adding that under the minimum price set for its E2G, revenues are expected to hit at least 3.3 B euros ($3.29 B).

(Reporting by Gabriel Araujo, Editing by Louise Heavens)

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