Businesses Portfolio

Boldness with Responsibility

As a portfolio manager, we invest in businesses with irreplicable assets to drive the areas of Brazil with the greatest vocation and potential, with assets in Renewable Energy, Agribusiness, Oil and Gas, Mining, and Carbon Credit.

Balancing audacity with responsibility, we contribute value to businesses and their operations, relying on one of the country’s best executive teams and an excellent management model.

Cosan is an outlier in the energy transition, having developed technology for second-generation ethanol and the largest railway network in Brazilian territory. We continue to empower the country through our businesses, delivering financial returns today with sustainability for the future.


A joint venture of Cosan and Shell, Raízen is Brazil’s fourth-largest company by revenue, Brazil’s second-largest fuel distribution company, a leading manufacturer of sugarcane ethanol in Brazil and the largest individual sugar exporter in the global market.


  • Crushing capacity of 105 million tons of sugarcane in 35 Bioenergy Parks
  • Production of 3 billion liters of ethanol
  • 1.3 GW of installed capacity of electricity produced from sugarcane bagasse

Ethanol: our product is generated from sugarcane, and is used in fuel, perfumes, beverages, paints, chemicals and plastics. We are also one of the first Brazilian companies to engage in commercial-scale production of ethanol using Second-Generation Ethanol (E2G), a competitive solution to meet a growing demand for biofuel in Brazil and worldwide.

Bioenergy: sugarcane byproducts are also the raw material for generating bioelectricity, an alternative for Brazil’s energy sector. The reuse of biomass (sugarcane bagasse and straw) for this purpose reduces fossil-fuel CO² emissions in Brazil.


  • Production of 5.4 million tons of sugar

Sugar: we are the largest individual exporter of the product, and we have achieved a prominent position in the development of Very High Polarization (VHP) sugar and the production of organic and liquid sugar.

Marketing & Services

  • Around 7,300 fuel distribution service stations
  • More than 4,000 B2B customers
  • More than 1,300 convenience stores operating under the Shell Select brand in Brasil and Argentina
  • 100 OXXO stores
  • 70 distribution terminals
  • 69 airports in the aviation fuel business
  • refinery

Fuel distribution and trading: an integrated logistics operation runs a wide fuel distribution network in different modes to serve industrial, aviation and retail customers throughout the Brazilian states.

  • Retail: we sell Shell-branded fuel in more than 7,300 services stations throughout the country.
  • B2B: we serve companies in various segments – cargo and passenger transportation, agriculture, mining, railway and industrial – and we invest in tools and fleet control to ensure intelligent management and integrated solutions for our customers.
  • Aviation: we supply the main airlines in the country’s airports with the quality and excellence of Shell and Shell Aeroclass brands.

Argentina: Raízen Combustíveis recently acquired Shell’s assets in Argentina. This brand has the industry’s second-highest market share in Argentina, with over 650 fuel stations and sales volume of 6 billion liters of fuel/year.

Latam: downstream operation in Argentina since 2018, when it acquired Shell’s assets in the country, including the refining and sale of lubricants. More recently, Raízen acquired fuel distribution assets in Paraguay, expanding geographically and complementing the Company’s integrated platform in South America.

Lubricants: technology, expertise and global reference Shell, added to the energy and acceleration of Raízen: formed to offer an even more complete portfolio of premium brands in the lubricants segment and industrial technological solutions for B2B customers, Shell gas station network, other consumer channels and the main automakers in the country.

For more information, access Raízen’s Institutional ( and IR website (


Compass is Cosan’s company that operates and invests in four business segments, establishing itself as a complementary activity platform to explore the opportunities in the natural gas and energy sector in Brazil.

Compass is strategically focused on:

  • Distribution of natural gas, through Comgás, the largest piped natural gas company in the country in terms of volume;
  • Infrastructure and natural gas origination, accessing the competitive pre-salt gas offer and importing LNG (liquefied natural gas);
  • Natural gas commercialization, optimizing our supply and demand portfolio, creating diversification, flexibility, and competitiveness;
  • Thermal gas generation and power trading, transforming gas into electricity.

Learn more about Compass


One of Brazil’s largest lubricant companies, Moove is a global producer and distributor of Mobil, Comma and other professional brands. Cosan’s successful management model led the export of the company’s products to countries such as Bolivia, Uruguay, Paraguay, Argentina, United States, Spain, Scotland, England, Portugal, and France.

With a production capacity of 3.5 million barrels of oil/year, Moove has two manufacturing plants, one in Rio de Janeiro (Brazil) and another in Kent (England).

In Brazil, we focus on Mobil-brand lubricant production and distribution, distribution of base oils, and the Zip Lube franchise network specializing in automotive services. Abroad, we market the Mobil-brand products in South America and Europe, and under the Comma brand, we cover more than 40 countries in Europe and Asia.

Learn more about Moove


Today, Rumo is Latin America’s largest logistics operator. The company offers a wide range of services, with a modern and integrated intermodal transportation platform, operating with 18 terminals, including 6 ports and 12 transshipments, more than 1,000 locomotives and more than 25,000 railcars. Rumo manages more than 13,000 km of railways, running through the States TO, GO, MT, MS, SP, PR, SC, and RS), interconnecting production centers, consumer centers, and maritime ports.

Its railway concessions serve the three major agricultural-commodity export corridors, comprising an area accounting for approximately 80% of Brazil’s GDP and nearly 70% of total soybeans and corn produced in the country.

Learn more about Rumo

Last update: September 18, 2023