Shell Commits $668M to Raizen While TechnipFMC Eyes 13.9% Growth
Shell plc will inject approximately $668 million into Brazilian sugar-and-ethanol joint venture Raizen, which has incurred consecutive quarterly losses and rising net debt after adverse weather and heavy capex. TechnipFMC plc’s 2026 earnings consensus estimate indicates 13.9% year-over-year growth.
1. Shell Commits $668M to Raizen
Shell plc has reaffirmed its commitment to inject roughly $668 million into Raizen, its Brazilian sugar-and-ethanol joint venture, aiming to shore up operations after the unit reported mounting losses and elevated debt levels.
2. Financial Strains and Creditor Demands
Raizen has logged consecutive quarterly losses and seen net debt surge following heavy capital expenditures and weather-related crop damage, prompting creditors to seek up to 12 billion reais in fresh equity.
3. Partner Standoff with Cosan
Rescue negotiations faltered when co-owner Cosan declined to match Shell’s proposed capital injection, leaving shareholders at an impasse over the size and structure of a recapitalization plan.
4. TechnipFMC’s 2026 Earnings Outlook
Separately, TechnipFMC plc’s Zacks Consensus Estimate forecasts its 2026 earnings to grow by 13.9% year over year, reflecting strong expectations for the oil-and-gas technology provider.