Brazil’s Ethanol Frenzy Shows Cracks as Raízen Crisis Deepens

A Shell truck prepares to refuel at the Raízen SA distribution center in Sao Paulo.Photographer: Victor Moriyama/Bloomberg

Big oil and global crop traders rushed into Brazil’s ethanol market more than a decade ago with a spate of deals. Now, the most emblematic of those deals is unraveling amid fading enthusiasm for the business.

Leia em português.