Cristiano Pinto da Costa, the president of Shell Brazil, confirmed that the company is willing to invest up to R$ 3.5 billion in Raízen, a significant player in the ethanol and fuel market in Brazil, where Shell is a partner alongside Cosan. This investment aims to stabilize Raízen, which has been struggling with significant debts and losses. Costa emphasized the expectation for Cosan to match Shell's financial commitment, clarifying that Shell is not interested in increasing its stake in Raízen or absorbing its liabilities into its own financial statements.

Raízen is one of the world's largest producers of sugar and ethanol and a major fuel distributor in Brazil. It has been facing severe financial challenges, with a reported net debt of R$ 55.3 billion at the end of 2024, marking a staggering increase of 43.3% compared to the previous year. In light of these difficulties, the company's management was revamped, and a strategic plan to divest non-core assets was initiated, aiming to address its financial instability and focus on its principal business operations.

The ongoing negotiations with creditors highlight the urgency of Raízen's situation as it seeks to navigate its mounting debts and operational challenges. The commitment from Shell, conditional on Cosan's involvement, underscores the collaborative nature of this partnership while also indicating the financial strain both companies may face if Raízen's situation does not improve.