Companhia de Gás de São Paulo - Comgás is a Brazilian gas distributor focused on São Paulo state . It is Brazil's biggest gas distributor, with around 1,6 million residential, commercial and industrial customers, as of 2016, who receive gas through about 14.000 kilometres (8.699 mi) of pipelines. Comgás was founded in 1872. The company had been wholly owned by the São Paulo state-owned power generation utility, Companhia Energética de São Paulo until April 1999, when CESP's stake was sold to the British BG Group and to Royal Dutch Shell . Comgas sells gas under a 30-year franchise, with a potential for a further 20 years.
14-398: Comgás distributes piped gas to more than 1.7 million consumers in the residential, commercial, industrial, automotive, cogeneration and thermogeneration segments in 88 cities in its concession area - São Paulo Metropolitan Region, Vale do Paraíba, Baixada Santista and Campinas Administrative Region. Brazilian conglomerate Cosan owns 61.73% of Comgas's stock, and Shell 17.12%. The remainder
28-554: A 4.9 per cent stake in mining company Vale SA in October 2022, with a subsequent increase to 6.5 per cent. The transaction amounted to approximately R$ 22 billion ($ 4.38 billion). On April 24, 2008, Cosan announced the purchase of the portfolio of downstream fuel distribution plants from Esso in Brazil. On March 13, 2009, the Group confirmed the incorporation of NovAmérica Agroenergia through
42-531: A stock exchange operation between the Cosan and holding Rezende Barbosa, controller of NovAmérica. With the acquisition, the group Cosan reinforces its position as the largest producer of sugar and alcohol in the world and will have an annual processing capacity of around 56 million tonnes of sugar cane, 10% of the Brazilian market, managing 23 plants. On 3 May 2012, Cosan signed a memorandum of understanding acquiring
56-476: Is a stub . You can help Misplaced Pages by expanding it . This Brazilian corporation or company article is a stub . You can help Misplaced Pages by expanding it . Cosan Cosan S.A. is a public-listed company, a Brazilian conglomerate producer of bioethanol , sugar and energy . The company operates in Brazil, Argentina , Uruguay , Paraguay , Bolivia . They also operate in the United Kingdom under
70-500: Is publicly traded on B3 . Cosan acquired its stake from BG Group in November 2012 for $ 1.7 billion. In September 2021, Comgas has opened a new compressed natural gas (CNG) filling station in Taboao , on the border between So Paulo and Curitiba, to increase the supply for trucks and buses in Brazil. This article about a company or corporation involved in the energy industry
84-678: The BG Group 's 60.1% stake in Comgás . The deal was completed in November 2012. In 2021, Compass Gás e Energia, a company of the Cosan group, announced the purchase of Gaspetro (currently Commit Gás) from Petrobras. The purchase was completed in July 2022 for R$ 2.097 billion. In the same year, Compass won the auction for the privatization of the Gas Company of the State of Rio Grande do Sul (Sulgás). The purchase
98-603: The Bonsucro sustainability standard by 2020. In November 2019, Mexican multinational company FEMSA finalized a joint venture agreement with Raízen Conveniências, the retail division of Raízen, to acquire a 50% stake in the latter company, partly also to introduce the Oxxo convenience store chain (the largest in Mexico) into Brazil. In June 2021, Raízen officially registered for an IPO with Brazilian securities regulator CVM . In August,
112-674: The Amazon. Raízen has a network of 7,000+ fuel stations under the Shell brand spread throughout Brazil and Argentina, more than 1,000 convenience stores and an ethanol production of over 2.2 billion US gallons (8,300,000 m ). After merging with Biosev, the company now has 35 ESB (ethanol, sugar, and bioenergy) plants, with a total crushing capacity of 105 million tonnes of sugar cane per year, while also boasting 3000 megawatts of installed electric power capacity produced from sugarcane biomass ( bagasse ). Many of these plants were inherited from Cosan at
126-480: The brand name Moove, manufacturing and supplying Mobil Lubricants, Greases, Cutting Fluids, Coolants and Aerosols. Cosan began in 1936 in Piracicaba , São Paulo , with the founding of its first factory for milling of sugar cane . From the second half of the 1980s, it quickly expanded operations through the acquisition of several factories in the State of São Paulo. Cosan cultivates, collects and processes sugar cane,
140-476: The company raised US$ 1.3 billion, making it Latin America’s biggest IPO. Raízen is offering green bonds in 2024. This offering is a first for a Brazilian company. Raízen will offer 10-year or 30-year bonds or both, with a portion of the proceeds used to buy back the bonds (up to $ 725 million, maturing in 2027). Ra%C3%ADzen Raízen S.A. is the third largest Brazilian energy company by revenue and
154-454: The creation of the joint-venture, while several others were acquired from competitors as part of an expansion strategy. In the fuel trade business, Raízen trades approximately 31 billion liters per year in both B2B (mainly the transportation and industrial sectors) and B2C segments (through its network of 7,000+ fuel stations across Brazil and Argentina). It aimed to certify just under 1 million hectares of affiliated sugarcane production area under
SECTION 10
#1732869138639168-521: The fifth largest in Brazil. The company is a joint-venture formed in 2010 from the merger of the assets of sugar, fuel and ethanol derived from Cosan and Royal Dutch Shell in Brazil . The company has a market value of approximately US$ 0.8Billion in Set-24. Its revenue of about US$ 45.5 billion in the 2023/2024 harvest year. It is one of the largest players in an industry that has driven wide scale deforestation in
182-463: The main raw material used in the production of sugar and ethanol . Its 23 plantings occupy almost 600,000 hectares of land and employ 45,000 people. In 1989, the group was the largest producer of sugar and alcohol in the world, with 22 companies and the crushing of 10.5 million tons of sugarcane, 5% of the Brazilian total. In the food sector, the company owns 11.5% of shares of Camil Alimentos , that merged with Cosan Alimentos in 2012. Cosan acquired
196-548: Was completed in January 2022 for a minimum amount of R$ 927.7 million. On February 1, 2010, Cosan and Royal Dutch Shell announced the creation of a joint venture Raízen that merged their operations of sugar, ethanol and the distribution and marketing of fuels in Brazil. It formed the third-largest distribution company in Brazil and the world's largest bioenergy operation. In June 2021, Raízen officially registered for an IPO with Brazilian securities regulator CVM . In August,
#638361