Shell Readies Recapitalization of Brazilian Raízen JV, Signs LNG MoU with Metlen

SHELSHEL

Shell is preparing to increase its financial support through a recapitalization of distressed Brazilian sugar and ethanol JV Raízen to stabilize its balance sheet. Shell also signed a memorandum of understanding with Metlen to collaborate on LNG supply cooperation.

1. Raízen Recapitalization Plans

Shell, as the healthier joint-venture partner in Brazilian sugar and ethanol producer Raízen, is preparing to inject additional capital into a recapitalization to shore up liquidity and address the company’s debt obligations.

2. LNG Supply MoU with Metlen

Shell and Metlen have signed a memorandum of understanding to explore joint LNG supply arrangements, combining Shell’s midstream capabilities with Metlen’s distribution network to enhance gas delivery in strategic markets.

Sources

FRB
Shell Readies Recapitalization of Brazilian Raízen JV, Signs LNG MoU with Metlen - SHEL News | Rallies