Shell Acquires Razen Equities
Shell Brazil, a part of Royal Dutch Shell, has begun dealing with Razen shares. The listing of Shell and Brazilian utility giant Cosan’s sustainable power joint effort on the São Paulo Capital Market followed the effective delivery of an IPO.
Shell’s Downstream Director, Huibert Vigeveno, stated that the company is committed to Razen as it expands its renewable energy sector and foothold in Latin America.
Furthermore, this IPO will help Razen rise rapidly, allowing it to provide clients with better and cleaner energy. The company thinks that an IPO is the best method to fund the plan while also providing regular returns on investment to both alliance partners and venture capital firms.
Efficiency, cost savings, and a reduced timeframe in the market. According to Razen’s CIO, these are the primary drivers of the Brazilian ethanol producer’s digitalization and innovation efforts.
The cloud is one of the primary battlegrounds. Raizen signed a five-year agreement with Microsoft last December to migrate all of its apps to the Azure infrastructure of the US technology company. It features the utilization of the Oracle Cloud, which is linked to Azure.
Although no figures were provided, Massad stated that the continuing initiative involves the relocation of at least 200 Razen workstations. Back-office and distribution operations, as well as the software required to link to computers mounted in harvesting tractors, are among those being migrated to the service in the initial phase.
Razen employs 40,000 personnel, 35 bioenergy facilities, and a system of 7,300 Shell-branded service stations in Latin America. It is a massive structure to manage, and as a result, the corporation began working on digitizing its operations a long time ago.
According to the Chairman, 90 percent of merchants used an internally built digital system to file purchases shortly after Razen was established. This figure is currently close to 100 percent, according to him.
Razen was also the first in its sector to implement e-commerce infrastructure. The Shell Box application, which enables payments and provides perks to drivers who fill up at Shell facilities, has over 2 million active users, according to the firm.
