Brazil
Press Release

Shell completes sale of Brazilian lubricants division to Raízen

Bnamericas Published: Monday, May 02, 2022

This is a machine translation of the original Shell Brasil Petróleo release published in Portuguese. 

Shell Brasil Petróleo Ltda, a subsidiary of Shell plc, informs that it completed the sale of its lubricants division in Brazil to Raízen SA, after approval by regulatory bodies.

As of May 1, 2022, the lubricant plant in Ilha do Governador, in Rio de Janeiro, the oil-based plant in Campos Elíseos, in Duque de Caxias (RJ), the Shell Marine lubricants division and the businesses of supply and distribution of lubricants in the country are passed to Raízen.

The longstanding partnership between Shell and Raízen includes the retail, aviation and fuel distribution portfolios. The integration of the lubricants division into the joint venture will generate synergies between the two companies and ensure a supply of lubricants and fuels with more opportunities for decarbonization.

Notes

  • Raízen, a joint venture between Shell and Cosan, is an integrated energy company and a leader in the production of sugarcane, ethanol and bioenergy in Brazil. Raízen has 35 sugar, ethanol and bioenergy production units, 1.3mn hectares of cultivated agricultural land, a network of more than 7,300 Shell-branded service stations, 1,300 Select convenience stores and more than 4,000 commercial customers in Brazil, Argentina and Paraguay.
  • Upon completion of the transaction, the Shell brand will remain in the spotlight, through the licensing agreement with Raízen. Customers will continue to have access to Shell-branded products and services.

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