Oslo, 15 February 2022:  KCC Chartering AS, a subsidiary of Klaveness
Combination Carriers ASA ("KCC"), and Raizen, an integrated energy company with
a broad portfolio of renewables, have signed a three-year contract of
affreightment ("COA") for the shipment of liquid and dry products from the
Raízen portfolio to multiple strategic markets.

The COA forms the basis for a long-term partnership and is aimed at improving
voyage efficiency to reduce both the carbon footprint of KCC's fleet and
Raizen's operations. The combination of shipments, with minimum ballast and wait
time in between, is expected to reduce CO2 emissions per ton of cargo
transported by up to 40%, depending on the route and when compared to standard
tankers and dry bulk vessels performing the same trades. To achieve this
reduction, KCC's combination vessels transport both dry and liquid cargo by
loading the ship with one product to a specific location and returning with
another, thereby ensuring the vessels are constantly loaded. The parties aim to
achieve further emission reductions by setting forth ambitions for a long-term
co-operation on energy and operational efficiency initiatives, as well as the
potential testing of new fuel types. 

This move reinforces Raízen's commitment to seek sustainable solutions, as it
leverages its vast product portfolio to combine both wet and dry cargoes by
utilizing KCC's combination carriers to their maximum voyage potential. Paulo
Côrte-Real Neves, Raizen VP of Trading commented: "As part of our efforts to
navigate and lead the global energy transition, specifically maritime
decarbonization, we are excited to partner with KCC to reduce CO2 emissions in
the shipping and maritime industry. Our shared commitment to sustainability and
innovation makes this partnership a natural fit, and we are confident that it
will have a positive impact on the environment and the industry." 

Engebret Dahm, CEO of KCC adds: "We are delighted to join forces with Raizen, a
leader in sustainability in both the energy and shipping markets. Together, we
will address inefficiencies in shipping and deliver on our joint commitments
towards decarbonization. The COA marks a major milestone in the development of
KCC's CLEANBU business for important trades in the region."  

About Raízen

Raízen is a global benchmark in bioenergy with an integrated business ecosystem.
From the cultivation and processing of sugarcane in our bioenergy parks, to the
sales, logistics and distribution of fuels, Raizen continually invests in
innovation to reshape the future of energy. Through advanced technologies,
Raizen seeks to play a leading role in the energy transition by expanding its
portfolio of renewable energy sources, such as second-generation ethanol (2GE),
biogas, bioelectricity and solar energy. By doing so, Raízen has already avoided
the emission of 5.2 million tonnes of C02 per year (reference: 2020)