BP Biofuels and Copersucar today announced (30 November 2017) that they have agreed to form a joint venture to own and operate a major ethanol storage terminal in Brazil, better and flexibly connecting ethanol production with the country’s main fuels markets.
Copersucar is the world’s leading sugar and ethanol trader, with the largest sugar and ethanol storage capacity in Brazil. BP Biofuels, part of BP’s Alternative Energy business, is a significant producer of ethanol from sugarcane in Brazil.
Dev Sanyal, BP’s CEO Alternative Energy, said: “BP is committed to the dual mission of delivering the energy that the world needs while advancing the low carbon world that we all want. We believe that biofuels offers one of the best large-scale solutions for decarbonising the transport sector and demand will continue to grow for decades to come. Brazil is one of the largest markets globally for ethanol as a fuel and this collaboration with Copersucar enables us to extend and expand our existing value chain to meet its growing demand.”
The 50/50 joint venture will own and operate the Terminal Copersucar de Etanol in Paulínia in the state of São Paulo, which is currently solely owned by Copersucar. Joint ownership of the terminal will support the strategies of both companies – connecting important ethanol production with flexible storage capacity close to the main ethanol consumer markets in Brazil.
In addition to the shareholders’ business, the terminal will continue providing services to its current customers.
In operation since September 2014, the Paulínia terminal has ten tanks with a total storage capacity of 180 million litres of ethanol and moves around 2.3 billion litres per year, with the possibility of further expansion. The terminal is located in one of Brazil’s main fuels hubs and operates in a multimodal way, connected to important transport networks, pipelines, and will soon be connected to the railway as well.
Paulo Roberto de Souza, President of Copersucar said: “The new joint venture will optimize ethanol logistics, with competitiveness gains and more flexibility in the way we serve the market. In addition to the values we share, the partnership with BP reinforces our commitment to the development of biofuels in Brazil.”
Mario Lindenhayn, President of BP Biofuels and Head of Country for Brazil, said: “This important partnership with Copersucar will enable BP Biofuels to significantly expand our commercial presence in Brazil. In addition to the strategic benefits of its geographic location and the flexible multimodal access to the terminal, these first-class assets also operate with the highest safety standards.”
The transaction and formation of the joint venture will be subject to the necessary approvals of relevant supervisory bodies. Commercial details of this transaction are not being released.
About BP Biofuels
BP is one of the world’s leading international oil and gas companies. Together with BP’s US wind business, BP Biofuels is one of the main parts of BP’s Alternative Energy business. In Brazil, BP Biofuels owns and operates three sugarcane processing mills – two located in Goiás State and one in Minas Gerais State – which have a combined processing capacity of 10 million tons of sugarcane per year and also 1000 GWh/year electricity generation. More information at: www.bp.com.br and www.bp.com/biofuels
About Copersucar
Copersucar is a global leader in the marketing of sugar and ethanol. Its unique business model combines a large-scale offering of high-quality products with an integrated logistics, transportation, storage and marketing system in Brazil and the international market. More information at: www.copersucar.com.br.
PRESS INFORMATION
Copersucar
Milton Pace Jr.
milton@verdelho.com.br
Tel. +55 11 3031-5239
This agreement concerning the Terms and Conditions of Use of Website www.copersucar.com.br (“Terms of Use”), seeks to govern the use of the website http://www.copersucar.com.br (“website”), created by Copersucar S/A (“Copersucar”), and pertains to the use of the website in all its areas, whether open and readily accessible or those whose access is restricted.
These Terms of Use may be amended or updated unilaterally and at any time by Copersucar, whenever new resources or functionalities are added to the website or whenever Copersucar, at its sole discretion, deems necessary.
The amendments to the Terms of Use will become effective on the date on which they are published on the website, and Copersucar shall post and maintain, at the top of the Terms of Use page, a notice reporting the updates made to the Terms of Use for at least 30 (thirty) days of the date on which such update is published.
When accessing the website, users, which shall be construed as any individual or legal entity accessing or using the website via any means (“User”), agrees to and accepts the terms of these Terms of Use.
Users who do not agree to these Terms of Use should not use the website.
Since these Terms of Use may be updated, Users should review these Terms of Use periodically. The use of the website after any eventual update to these Terms of Use shall be deemed to be acceptance of the updated Terms of Use by Users.
All content of the website is offered to people aged 18 (eighteen) or older or to minors authorized by their parents or guardians. Copersucar reserves the right to assume that website Users meet the requirements above.
Copersucar may change the format and contents of the entire website at any time, as well as discontinue its operation and restrict or terminate access to the website at any time, regardless of prior notice to Users.
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The website may contain links to third-party websites and Copersucar shall not be held liable for any analysis, assessment, or content of such third-party websites, and Users shall be responsible for evaluating browsing and content of each such websites exclusively.
The protection of Users’ personal information when using this website is set out in Copersucar’s Privacy Policy , which is part of and incorporated into these Terms of Use.
Users are solely liable for the use they make of all contents, products and services made available through the website.
Copersucar hereby attests that the information on the website is generic in nature and should not be taken separately as basis of decision-making.
Copersucar uses its best efforts so that the content of the information on the website is accurate and corresponds to reality at the moment it is published on the website; nevertheless, Copersucar makes no claims to Users concerning its accuracy.
Under no circumstances shall Copersucar, its affiliates, directors, or services providers be held liable for indirect, incidental or consequential damages or loss of revenue arising out of the use of the website, of information published on the website, or of the impossibility of access to the website.
Any eventual compensation, limited to the duly substantiated direct damages, shall only be owed whenever the damage caused by Copersucar to Users is duly substantiated, and any eventual exceptions are not set forth in these Terms of Use.
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These Terms of Use are governed by Brazilian law and any inconsistencies or conflicts not solved out of court shall be settled in the jurisdiction and venue of any court of the city of São Paulo/SP, to the exclusion of all others, regardless how privileged.
All questions concerning these Terms of Use should be sent to the email comunicacao@copersucar.com.br.
This Privacy Policy (“Privacy Policy”) aims to describe how we protect the privacy of Users, which shall be construed to mean any individual or legal entity accessing or using the website, via any means, when visiting Copersucar S/A’s website.
This Privacy Policy sets out which types of User information are collected and controlled when the website is accessed and how this information is shared.
This Privacy Policy may be amended or updated unilaterally and at any time by Copersucar, whenever new resources or functionalities are added to the website or whenever Copersucar, at its sole discretion, deems necessary.
The amendments to the Privacy Policy will become effective on the date on which they are published on the website, and Copersucar shall post and maintain, at the top of the Privacy Policy page, a notice reporting the updates made to the Privacy Policy for at least 30 (thirty) days of the date on which such update is published.
This Privacy Policy governs the “User information” collected on our website.
Considering that our website is freely accessible, except for areas requiring User registration, information like names or emails of Users are not collected, however, information regarding IP of the computer, location, time, time spent on the website, and device or browser used are collected.
Although the website does not collect personally identifiable information, whenever Users access the website via search engines or third-party websites, it is possible that information such as name, gender, age group, and other personal information are received by the website.
The website only collects the personal information that you willingly provide (using the mouse and the keyboard) when using our website. The information collected depends on how you use our website.
By accessing the website, Users agree to and accept the terms of this Privacy Policy.
If Users do not agree to the terms of this Privacy Policy, they should not use the website.
Since this Privacy Policy may be updated, Users should review this Privacy Policy periodically. The use of the website after any eventual update to the Privacy Policy shall be deemed to be acceptance of the updated Privacy Policy by Users.
Whenever necessary, this Privacy Policy may be supplemented or changed through specific “Privacy Notices,” which will contain details concerning the personal information collected on given pages of the website and it will be used.
When accessing login- and password-protected website pages, specific data may be requested or it may be necessary to agree to special terms, which will supplement or change this Privacy Policy with respect to issues governed by the special conditions.
Users should be aware that, whenever using the “Trabalhe Conosco” (Work with Us) tool, they will be redirected to a third-party website, a partner of Copersucar’s Human Resources Department, and that, by entering personal details, such as their name, address, e-mail, and work experience, among others, they will be entering information outside Copersucar’s website and, therefore, such data will be governed by the privacy policy of the partner’s website, thus, Users should review the privacy policy of the partner’s website and only complete their profile if they agree to such policy.
Personal information shall only be used (i) in the delivery of products, services, or information requested from Copersucar, (ii) for security, credit check, or fraud prevention purposes, (iii) for a better understanding of Users’ needs and interests, and (iv) to improve website content, functionalities, and usability.
To whom will we disclose private information?
We may share the personal information collected on our website (i) with services providers rendering support services to the Copersucar website; (ii) within Copersucar and other companies of the Group; (iii) whenever, in good faith, Copersucar deems the disclosure appropriate in order to comply with laws, court orders, or summons; (iv) so as to prevent or investigate potential crimes, such as fraud or identity theft; or (v) in order to protect Copersucar’s right and security of other Users.
Although all reasonable and commercially accepted security measures are in place to protect the confidentiality, integrity, and security of Users’ personal information, Copersucar does not guarantee the security of such information. Hence, we urge Users to adopt the precautionary measures required to ensure the confidentiality of their personal information when using the website and the Internet as a whole.
Users are responsible for maintaining the confidentiality of their passwords and logins.
We have the right to assume that anyone accessing our website with the login and password assigned to a given User has the right to do so. Users are fully responsible for the activities of anyone accessing the website using the password assigned to the Users, even when such person was not actually authorized by the Users. Whenever Users believe their passwords are being used without their authorization, they should change it promptly.
The website contains links to third-party websites, operated by other companies. Hence, Users should be aware that this Privacy Policy does not apply to third-party websites and that Users must review the Privacy Policy of such websites.
All content of the website is offered to people aged 18 (eighteen) or older or to minors authorized by their parents or guardians. Copersucar reserves the right to assume that website Users meet the requirements above.
All questions concerning this Privacy Policy should be sent to email comunicacao@copersucar.com.br.