EU clears Shell, Cosan JV

The European Commission cleared a joint venture between Shell Brazil Holding B.V., a unit of Royal Dutch Shell PLC, and Cosan S.A. Industria e Comercio of Brazil. The companies will together produce, sell and trade sugar and ethanol in Brazil and worldwide. They are also expected to develop and license certain ethanol technologies, and supply, distribute and sell transportation fuel products in Brazil. (January 4, 2011)