About Cosan

Cosan S.A., an integrated energy and logistics company, engages in the fuel distribution, sugar and ethanol production, natural gas distribution and logistics businesses. Segments The company operates through Raízen, Gas and Power, Moove, Logistics, and Cosan Investments segments. Raízen Raízen, a joint venture between the company and Shell Brasil Holding BV (Shell), produces more than three billion liters of ethanol per year to supply both domestic and international markets and 4.7 million tons of sugar, with 1.6 GW of installed capacity - making it one of the largest sugar exporters and one of the world's largest power generators of electricity from sugarcane bagasse. The company plants, harvests and processes sugarcane, the main raw material used in the production of sugar and ethanol. This segment operates in the production of sugar, ethanol and bioenergy. Raízen (Raízen S.A.) is an integrated producer of energy from renewable sources, such as biomass and solar energy, and also invests in technologies that will allow it to intensify the use of biomass in its portfolio. In addition, Raízen distributes and sells fuels under the 'Shell' brand, supplying a network of service stations, airport refueling sites and business-to-business customers in Brazil and Argentina, where it also refines oil, manufactures and sells automotive and industrial lubricants, and produces and sells liquefied petroleum gas. Raízen's operations also include the Shell Select convenience stores and the OXXO proximity stores of Grupo Nós, a joint venture with FEMSA Comercio. Raízen primarily operates in the energy sector and other synergistic activities. Raízen has increasingly consolidated itself as an integrated energy company with a diverse portfolio, from renewable sources, such as biomass (and expanding to other sources, such as solar), to its core businesses of globally distributing and selling first- and second-generation ethanol (from sugarcane), sugar and other by-products to enterprise, or 'B2B', customers, in Brazil, Argentina and Paraguay, and operating a network of service stations and airport bases. Raízen's operations also include proximity retail, through Rede Integrada de Lojas de Conveniências e Proximidade S.A., or 'Grupo Nós', a joint venture between Raízen and FEMSA Comercio, S.A. de C.V., or 'FEMSA Comercio'. Ethanol, Biomass and Electricity Raízen produces and markets renewable energy and by-products of its bioenergy projects and of third parties, and seeks to expand its operations into other low-carbon energy sources. Raízen's activities in the renewables segment encompass: First-generation Ethanol: This fuel is used in cars either on its own or mixed with gasoline. It can also be combined for industrial applications, including in pharmaceuticals, cosmetics, alcoholic beverages, sanitation and other industries. Second-generation Ethanol: Second-generation ethanol can be used for the same purposes as first-generation ethanol. The company is pioneers in producing second-generation ethanol on an industrial scale. Electricity: Raízen produces electricity from sugarcane waste, and is expanding into other sources of energy, such as solar energy. Biogas: In addition to using sugarcane waste for electric energy production, the company produces biomethane using sugarcane residues. Biomethane is a substitute for methane in various applications. Biomass Pellets: Pellets solve issues arising from the inefficient logistics of energy-rich biomass. They can be used to replace coal in thermoelectric plants, which bodes well for a promising international market with strong growth in demand expected in the coming years. Raízen produces second-generation ethanol, or 'E2G', which emits 80% less carbon dioxide than fossil fuels. E2G is a cellulosic biofuel made according to the company's proprietary technology. Raízen is a pioneer in developing carbon circularity form the by-products of its production processes. Raízen introduced biogas technology in its bioenergy parks, which is produced through a biodigestion process from vinasse and filter cake, and can be a substitute for methane in its various applications, including in the production of electricity. Raízen also produces other products derived from sugarcane biomass, such as the steam from excess bagasse in boilers, which can be used to move mechanical parts in bioenergy parks, as well as to generate electricity sold to the grid. Raízen is able to transport ethanol and sugar production from its extensive infrastructure of port terminals and bioenergy parks in the Central-South region of Brazil. Raízen also has terminals connected to the most efficient modes of transportation and strategic positioning in the main ports to export production, in addition to having its own teams to market production both in Brazil and overseas. The logistics of delivering products to customers depend on the complexity and the potential to capture value by advancing development into the supply chain. In addition to sugar and ethanol, Raízen sells any excess energy produced from processing sugarcane in its bioenergy parks through energy auctions conducted by the government of the state of São Paulo. Furthermore, Raízen began advances into the value chain (production, logistics, marketing and refining) by replicating the same model applied to its ethanol business. Sale and Distribution of Fuel Raízen produces, distributes and sells fuels and other specialties. Raízen's primary products include ethanol, gasoline, diesel, vehicular natural gas, kerosene and aviation fuel, lubricants, and oil fuel. In addition, Raízen operates proximity retail stores both within and outside service stations, offering consumer products and services like bakeries, tobacco, groceries, hygiene and cleaning products, food products, and beverages. Raízen is the largest fuel distributor in Paraguay, and the second-largest in Brazil and Argentina. Its operations consist of the purchase, storage, mixing and distribution of gasoline, ethanol, diesel and aviation kerosene through a network of retail service stations licensed with the Shell brand (Some of which feature integrated convenience stores), and have recorded consistent year-on-year growth. Raízen's logistics infrastructure in the segment has been built over more than 100 years, and is strategically located close to major consumer markets. Raízen has 72 land distribution terminals, and storage capacity for approximately five billion liters. In the aviation market, Raízen operates through 69 supply bases in Brazilian and Argentinean airports. Raízen has a complete platform focused on B2B2C and B2B customers (B2B2C refers to situations in which the company's products go through an intermediary before reaching the final customer) which support its strategic objective to be the preferred choice for resellers and customers (The company has 96% customer satisfaction level in Índice 5 and are the best rated brand on ReclameAqui) and the most efficient fuel distributor (in volume per station) in the markets in which it operates. Raízen has invested in increasing the productivity and safety of its partner carriers and reducing logistical costs through the ONE Project, focusing on real-time management of the routes for the company's entire fuel tanker fleet from a monitoring center. Further, Raízen's capillarity enables it to reach over 50 million consumers in Brazil, who benefit from Raízen's investments in the development of innovative payment methods and cloud-based platforms, such as Shell Box, which is a mobile application that enables customers to enjoy contact-less payment solutions, promotions and other benefits. As of December 31, 2022, Raízen had more than 1.9 million active Shell Box users, who carried out approximately 35 million transactions in 2022. Moreover, Raízen's store models allow it to serve different segments in markets with different characteristics, as well as different profiles and purchase needs. This commercial proposal is leveraged by long-term partnerships with the main fast-moving consumer goods companies, generating new forms of monetization and ensuring better competitiveness for the company's stores, while transforming its network into a strategic channel to launch and position its products. Raízen combines this strategy with promotional and marketing activity in all its stores. Finally, Raízen has over 5,000 customers in the B2B market in Brazil and in Argentina, which are categorized into over 80 different segments (e.g., cargo and passenger transport, agricultural and mining sectors). The B2B strategy is focused on customer loyalty through an offering of premium technology products (such as Shell Evolux, Shell Rimula and Shell Helix portfolios) and carrier fleet control tools. This strategy, which connects the company's physical and digital presence, has the potential to create a leading omnichannel platform in the market, in addition to offering financial, procurement, engineering and HSSE solutions for its customers. Sugar Raízen produces and markets a variety of sugars from the company's bioenergy projects and from third parties, such as raw sugar (or very high polarity sugar, or 'VHP'), refined sugar and liquid sugar. Regulation Regulation of the Oil and Gas Industry The company is subject to the regulations of the pollution control and remediation agencies of several Brazilian states, such as Environmental Company of the state of São Paulo (Companhia Ambiental do Estado de São Paulo-CETESB); Environmental Agency of the state of Goiás (Secretaria de Estado de Meio Ambiente e Desenvolvimento Sustentável -SEMAD); and Environmental Institute of the state of Mato Grosso do Sul (Instituto de Meio Ambiente do Mato Grosso do Sul-IMASUL). The company is subject to Brazilian Federal Law No. 12,651, dated May 25, 2012, or the 'Brazilian Forest Code', which prohibits land use in certain permanently protected areas, and obligates the company to maintain and register a forest reserve in each of its rural landholdings covering from 20% to 80% of the total area of such land, known as 'Legal Reserve'. Gas and Power This segment engages in distribution of piped natural gas throughout Brazil to industrial, residential, commercial, automotive and cogeneration customers; the sale of electricity and natural gas; the development of infrastructure projects in a regasification terminal and offshore gas pipeline; and development of thermal generation projects utilizing natural gas. Compass's subsidiary, Companhia de Gás de São Paulo (Comgás), is Brazil's largest distributor of piped natural gas, with a network reaching 21,052 kilometers and delivering natural gas to more than two million residential, commercial and industrial consumers in about 177 cities. The Comgás concession area covers approximately 25% (according to the Brazilian Institute of Geography and Statistics (Instituto Brasileiro de Geografia e Estatística) (IBGE) of Brazil's gross domestic product (GDP), including 92 municipalities in the metropolitan areas of São Paulo, Campinas and Santos, as well as the Paraíba Valley. The company's subsidiary, Sulgás's distribution network totals approximately 1,400 km, serving over 79,000 customers in 41 cities, and distributes a volume of 1.5 million cbm/day. Compass's subsidiary, Commit's portfolio totaled 9,900 kilometers of network, delivering natural gas to more than 528,000 clients, with a volume of 16 million cbm/day. Sulgás is the natural gas concessionaire of the state of Rio Grande do Sul where it has an exclusive concession to operate until August 2044. Regulation In addition to the regulation by the National Petroleum, Natural Gas and Biofuels Agency (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis or ANP), Compass's activities are supervised and regulated by the Public Services Regulatory Agency of the State of São Paulo (Agência Reguladora de Serviços Públicos do Estado de São Paulo or ARSESP) and the State Agency for the Regulation of Delegated Public Services of the State of Rio Grande do Sul (Agência Estadual de Regulação dos Serviços Públicos Delegados do Rio Grande do Sul or AGERGS), with which it maintains continuous dialogue through its directorate for Regulatory and Institutional Affairs in order to enhance or formulate industry policies. Moove Moove (Cosan Lubes Investments Limited) is responsible for the manufacturing and distribution of passenger vehicle lubricants, commercial vehicle lubricants, industrial lubricants and special application products, such as greases, cutting oils and car care products under the Mobil brand, operates in Brazil and in nine other countries: Argentina, Bolivia, Uruguay, Paraguay, the United States of America, Spain, France, Portugal and the United Kingdom. This is consistent with Moove's strategy of leveraging the ExxonMobil partnership and expanding abroad. Under the 'Comma' brand, Moove also operates in the United Kingdom, selling its products to over 40 other countries in Europe and Asia. The company produces over 300 different lubricants, and purchase more than 1,000 types of raw materials, including packaging, base oils and additives. The company sells its lubricant products, mainly through distributors and direct sales to industrial customers, as well as to wholesale customer accounts and car and motorcycle dealerships. The company has distribution rights for Mobil brand products in Bolivia, Paraguay and Uruguay. The company owns Moove Lubricants (Moove Lubricants Limited), which reinforced the company's strategy to enter into the European lubricants and specialties markets. As a result, the company acquired finished lubricants and the manufacture and sale of chemicals to third parties, all of Moove Lubricants' assets at the Gravesend site in Kent, United Kingdom, as well as ownership of Moove Lubricants' trademarks and brand names. In addition, there are agreements in place allowing Moove Lubricants to distribute select Mobil-brand lubricants into specific sales channels in the United Kingdom and to continue to manufacture and distribute a range of seasonal and ancillary automotive products to ExxonMobil and other Mobil distributors in Europe and Asia. Since December 2016, Moove has had distribution rights for Mobil brand products in Spain and, more recently, in the United Kingdom, France, Portugal and the United States of America. Since December 2018, Moove has had distribution rights for Mobil-branded products in Argentina. Moove owns PetroChoice (Stryker Intermediate Holdings Inc.), a lubricants distributor and marketer for Mobil brand products and proprietary brands in the United States that distributes about 62 million gallons of lubricants annually, and its assets, which include two lubricant blending plants and more than 50 distribution centers across 25 states. Moove also owns Tirreno (Tirreno Indústria e Comercio de Produtos Químicos Ltda.), a privately held company headquartered in Brazil, specialized in the production and sale of lubricating oils, additives and fluids. Moove operates in Brazil under the 'Tirreno brand', and in the United Kingdom (selling its products to over 40 other countries in Europe and Asia) under the 'Comma brand'. Moove also operates throughout the United States under the main brands 'EcoUltra, Medallion Plus and Dyna-Plex 21C'. Logistics This segment offers logistics services for rail transportation, storage and port loading of commodities, mainly for grains and sugar, leasing of locomotives, wagons and another railway equipment. The company's logistics operations are conducted through Rumo (Rumo S.A.), which offers an integrated logistics solution to many sectors, but primarily to agricultural commodity producers across Brazil, connecting the main producing regions with Brazil's four main ports. Rumo also offers warehousing services. Rumo has expanded its offering of logistics services, including, among other things, by providing port handling services. Rumo operates in the states of Mato Grosso and São Paulo, as well as the southern region of Brazil where four of the most active ports in the country are located and through which most of Brazil's grain production is exported. Moreover, Rumo started operating 12 main inland terminals, either directly or through partners. In September 2021, Rumo announced a contract with the state of Mato Grosso for the construction, operation, exploration, and maintenance of the first state railroad in Brazil. The contract, which has a 45-year concession, renewable for an additional 45 years, will add 730 kilometers to Malha Norte, connecting the city of Rondonópolis and the cities of Cuiabá and Lucas do Rio Verde, both in the state of Mato Grosso, to the Port of Santos in the state of São Paulo. Rumo also provides intermodal transportation logistics services, which is the movement of freight via container using two or more modes of transportation (generally rail and truck). Rumo owns and operates a large asset base, including a rail network consisting of five concessions that extend over approximately 13,500 kilometers of railway lines, over 1,400 locomotives, over 34,000 rail cars, as well as distribution centers and warehousing facilities. Rumo provides efficient and complete logistics services to its clients through its operation of 10 transshipment terminals and six port terminals, either controlling or minority interest. At its most important terminal, the logistics complex of Rondonópolis (in the state of Mato Grosso), Rumo has the capability to load over 2,000,000 tons of grains per month depending on the period and assortment of transported volumes. Moreover, Rumo holds equity interests in five port terminals in the port of Santos, in the state of São Paulo, and one in the state of Paraná. The real estate Rumo leases in connection with its concessions contain available area for construction and development of warehouses and logistics terminals, which makes possible for Rumo to expand its operations and improve its logistics and other services. For example, Rumo holds a 9.9% equity interest in the Grain Terminal of Guarujá (TGG) in the port terminal in Santos, which is a significant port project. To expand its North Operation, in September of 2021, Rumo signed an agreement with the state of Mato Grosso to construct and operate a railway stretch that independently connects the road-rail terminal of Rondonópolis to Cuiabá and Lucas do Rio Verde in the state of Mato Grosso. Rumo conducts its operations through three segments that correspond to the main markets in which it operates: The north operations business segment, or Northern Operations, comprising the Rumo Malha Norte, Rumo Malha Paulista and Rumo Malha Central rail concessions, Rumo's transshipment terminals located in the states of Mato Grosso and São Paulo, and its port operation in Santos; Rumo's south operations business segment, or Southern Operations, comprising the Rumo Malha Oeste and Rumo Malha Sul rail concessions and Rumo's transshipment terminals located in the state of Paraná; and Rumo's container operations business segment, or Container Operations, comprising the operations of Brado Logística which focuses on container logistics, whether by rail or road transport, and the results of container operations on the networks. Rumo is a leader in the transport of sugar for exportation and is creating an integrated transport platform that will significantly increase the efficiency of Brazilian exports. Major Customers The majority of the cargo Rumo transports is for the agricultural commodities industry. Rumo's major clients are export companies participating in this market, such as Cargill, Bunge, ADM, COFCO, Amaggi and Louis Dreyfus. In the fiscal year ended December 31, 2022, Cargill accounted for 9.1% of Rumo's total net revenue, while Rumo's six major clients accounted for 43.5% of its total net revenue in the same period. Rumo's major clients in the rail sector are export companies, such as Cargill, Bunge, ADM, Amaggi, COFCO and Louis Dreyfus. In the fiscal year ended December 31, 2022, Cargill accounted for 10.1% of Rumo's net revenue from services in the rail sector, while Rumo's six major clients in the rail sector jointly accounted for 48.3% of its net revenue from services in that sector. Rumo's largest clients in the port elevation sector include Raízen, Sucden, COFCO, Czarnikow, Engelhart and Wilmar. In the fiscal year ended December 31, 2022, Raízen accounted for 16.4% of Rumo's net revenue from services in the port elevation sector, while Rumo's six largest clients in the port elevation sector jointly accounted for 64.5% of its net revenue from services in that sector. Seasonality Rumo is subject to the seasonality that influences the sugarcane and grain harvest. During the peak months of the harvests, there is higher demand for transport and logistics operations. Regulation Rumo's activities are subject to extensive regulation by public authorities, especially by the Brazilian Ministry of Infrastructure, the Brazilian Transportation Authority (Agência Nacional de Transporte Terrestre or ANTT) and the National Water Transportation Agency (Agência Nacional de Transportes Aquaviários or ANTAQ). Rumo conducts its rail activities through the following concession agreements: the concession agreement entered into on December 30, 1998 and amended on May 27, 2020 involving Rumo Malha Paulista S.A. (Rumo Malha Paulista), which was originally scheduled to expire in 2028 but in May 2020 it was extended to 2058, as Rumo complied with the required obligations; the concession agreement entered into on May 19, 1989 involving Rumo Malha Norte S.A. (Rumo Malha Norte), expiring in 2079; the concession agreement entered into on July 7, 1996 involving Rumo Malha Oeste S.A., expiring in 2026; and the concession agreement entered into on February 27, 1997 involving Rumo Malha Sul S.A., expiring in 2027 (which may be extended for a further 30 years). Rumo holds equity interests in Terminal XXXIX and the adjacent areas for moving agricultural products and bulk, as well as other goods capable of being transported in those port installations, through a port lease agreement due to expire in 2050; Portofer Transporte Ferroviário Ltda., which leases facilities, equipment and railroad tracks for the transportation of goods and import/export through the right and left banks of the port of Santos, by means of a lease agreement with Portofer Transporte Ferroviário Ltda. due to expire in 2025; Terminal de Graneis do Guarujá (TGG), located on the left bank of the port of Santos, for the transport of solid and liquid bulk, through an area used by Rumo Malha Norte S.A. via a leasing agreement due to expire in 2027; and Terminal Marítimo do Guarujá (TERMAG), located on the left bank of the port of Santos, mainly for the transport of solid and liquid bulk, through an area used by Rumo Malha Norte S.A. via a lease agreement due to expire in 2027. Cosan Investments Cosan Investments is divided into two components: Land: management of agricultural properties; Other Investments: mining and logistics projects, digital platforms for logistics services, and investment in the Climate Tech Fund, a fund managed by Fifth Wall Acquisition Corp III, or 'Fifth Wall', that specializes in technological innovation. The company's real estate operations are conducted through Radar (Grupo Radar), Radar II (Radar II Propriedades Agrícolas S.A.), Tellus (Tellus Brasil Participações S.A.), Gamiovapar (Gamiovapar Empreendimentos e Patricipações S.A.), Duguetiapar (Duguetiapar Empreendimentos e Participações S.A.) and Janus (Janus Brasil Participações S.A.). Through these companies, the company acquires rural properties to be leased or sold to third parties. Radar, Radar II, Tellus, Janus, Gamiovapar and Duguetiapar together manage 318,328 hectares of land in the Brazilian states of São Paulo, Goiás, Mato Grosso, Maranhão, Minas Gerais, Tocantins, Bahia and Piauí. Radar is a land management company that invests in assets with high productivity potential in Brazil. Tellus, Janus, Gamiovapar and Duguetiapar are also land management companies that invest in agricultural land in Brazil. Regulation The company is subject to regulation by the following principal governmental agencies: Instituto Nacional de Colonização e Reforma Agrária or INCRA: Responsible for regulating the ownership of agricultural properties. This agency monitors the operation of the agricultural properties. Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis, or IBAMA: A regulator, responsible for environmental licenses relating to operations. Local environmental agencies: The Secretarias de Meio Ambiente Estaduais (State Secretariats for the Environment), Secretaria do Meio Ambiente or 'SEMA - MT', Secretaria do Meio Ambiente or 'SMA' and Instituto do Meio Ambiente e Recursos Hídricos or 'INEMA'. Furthermore, certain of the company's activities, such as land ownership and georeferencing processes, are regulated by several Brazilian laws, including but not limited to the Brazilian Constitution. The company is also subject to the Brazilian Forestry Code. Vale In October 2022, the company acquired a 4.9% stake in Vale (Vale S.A.), one of the world's leading mining companies. Property, Plant and Equipment Raízen Raízen distributes fuels through 72 distribution terminals to approximately 8,057 service stations throughout Brazil, Argentina and Paraguay under the Shell brand and also has 69 airport terminals supplying aviation fuel. In addition, in its energy generation business, Raízen operates 35 mills, has an installed capacity for grinding 105 million tons of sugarcane and installed capacity to generate 1.6 GW of power, a second-generation (E2G) ethanol plant and a biogas plant. Gas and Power Comgás is Brazil's largest natural gas distributor with a pipeline network of approximately 21,052 kilometers, supplying natural gas to 2.38 million residential, commercial and industrial consumers in over 177 cities. Its concession area accounts for approximately 25% of Brazil's GDP, covering approximately 92 municipalities in the metropolitan areas of São Paulo, Campinas, Santos and the Paraíba Valley. Sulgás, Compass's subsidiary, is the state of Rio Grande do Sul's former state-owned gas supply concessionaire and has an exclusive right to operate a concession throughout the state of Rio Grande do Sul until August 2044. Its networks totaled approximately 1,409 kilometers, delivering natural gas to more than 78.4 thousand clients in 41 cities, with a distributed volume of two million cbm/day. Commit Gás e Energia S.A. (Commit), Compass's subsidiary, is a holding company with minority stakes in natural gas distributors in several Brazilian states. The company holds a 51% stake in Commit through Compass Gás e Energia S.A. (Compass) while Mitsui Gás e Energia do Brasil Ltda. holds the remaining 49%. Commit controls Gasbrasiliano, the northwest concession area of the state of São Paulo with a pipeline network of approximately 1,159 kilometers, delivering a total of 0.9 million cbm/day of natural gas to more than 38.2 thousand clients in 37 cities in the state of São Paulo. Logistics Rumo provides rail transport logistics, port handling and warehousing services. Rumo operates in the states of Mato Grosso, Mato Grosso do Sul, Goiás, Tocantins, São Paulo, Paraná, Santa Catarina and Rio Grande do Sul. Rumo S.A. (Rumo) owns and operates a large asset base, including a rail network consisting of five concessions that extend over approximately 13,500 kilometers of railway lines, over 1,400 locomotives, over 34,000 rail cars, as well as distribution centers and warehousing facilities. Rumo provides efficient and complete logistics services to its clients through its operation of 10 transshipment terminals and six port terminals, either controlling or minority interest. Moreover, Rumo holds equity interests in five port terminals in the port of Santos, in the state of São Paulo, and one in the state of Paraná. The real estate Rumo leases in connection with its concessions contain available area for construction and development of warehouses and logistics terminals, which makes possible for Rumo to expand its operations and improve its logistics and other services. For example, Rumo holds a 9.9% equity interest in the Grain Terminal of Guarujá (TGG) in the port terminal in Santos, which is a significant port project. To expand its North Operation, in September of 2021, Rumo signed an agreement with the state of Mato Grosso to construct and operate a railway stretch that independently connects the road-rail terminal of Rondonópolis to Cuiabá and Lucas do Rio Verde in the state of Mato Grosso. Cosan Investments The company's real estate operations are conducted through Radar, Radar II, Tellus, Janus, Gamiovapar and Duguetiapar. Radar and Radar II own and manage approximately 390 rural properties covering a total of 91 thousand hectares, and harvests sugarcane, soy, cotton, corn and other commodities in the states of São Paulo, Maranhão, Bahia and Mato Grosso. Radar manages its properties using a satellite-based geomonitoring system. Tellus, Janus, Gamiovapar and Duguetiapar oversee approximately 431 rural properties, covering a total of 227,000 hectares (157,000 hectares of which are considered useful), dedicated to the harvesting of sugarcane, soy, cotton, corn and other commodities in several states of Brazil. Acquisitions On February 11, 2022, the company completed the acquisition of the remaining 51% of the share capital of TUP Porto São Luís S.A. On October 14, 2022, the company's subsidiary Cosan Oito S.A. (Cosan Oito) completed the acquisition of a noncontrolling interest in Vale. Research and Development For the year ended December 31, 2022, the company's total research and development expenses were R$9.7 million. Patents, Licenses, Contracts and Processes As of December 31, 2022, the company owned 381 trademarks in Brazil, 139 of which are owned by Cosan S.A., 22 of which are owned by Rumo S.A., with the remaining 220 owned by other companies of the Cosan group. All material trademarks for the company's business are registered or have been submitted to the National Institute of Intellectual Property (Instituto Nacional de Propriedade Industrial (INPI)) by the company or its affiliates. Competitors Raízen faces competition from several other fuel distributors, including YPF, Axion and Puma, among others. History COSAN S.A. was founded in 1936. The company was incorporated under the laws of Brazil in 1966.