CMAA

Name

CMAA

Legal name

Companhia Mineira de Açúcar e Álcool

Website

https://cmaa.ind.br

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Sugar and Ethanol Production

NAICS

Cane Sugar Manufacturing (311314), Sugarcane Farming (11193)

SIC

Sugar & Confectionery Products (2060)

akta.pro primary industry

Grain & Sugar-Based Ethanol Production (EUAAAHAA)

akta.pro secondary industries

Biorefinery Technology & Contract Processing (fractionation, tolling, scale-up) (IMAMALAL), Sweetener Syrups & Blends (HFCS, cane/invert, agave, maple blends) (AFAFAGAF), Sugar & Starch Crop Contract Growing & Plantation Operations (AFAGAEAL)

Keywords

• Sugarcane processing
• Ethanol production
• VHP sugar
• Bioenergy cogeneration
• Agroindustrial commodities

Headquarters

HQ city

Uberaba

HQ country

Brazil

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Sugar VHP Sales: Production and sale of Very High Polarization (VHP) raw sugar for export and domestic food/pharmaceutical industries. Sugar is exported globally and serves as raw material for refined sugar and other products.
2. Ethanol Sales: Production and sale of hydrated ethanol (automotive fuel, industrial uses) and anhydrous ethanol (fuel additive, industrial applications). Revenue from both domestic fuel market and industrial customers.
3. Bioenergy/Cogeneration: Electricity generation from sugarcane bagasse biomass. Energy supplies company operations and is sold to the grid, contributing to cleaner energy matrix.
4. Carbon Credits (CBIOs): Revenue from Renovabio certification program. Each tonne of CO2 avoided by biofuel use generates tradable CBIO credits, sold primarily to fuel distributors meeting decarbonization mandates.
5. Carbon Neutralization Certificates: Revenue from emission neutralization certifications achieved through logistics chain compensation projects.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

CMAA (Companhia Mineira de Açúcar e Álcool) is a Brazilian agroindustrial company that processes sugarcane into three core products: VHP raw sugar, hydrated and anhydrous ethanol biofuels, and bioelectricity from sugarcane bagasse. The company operates three industrial units in the Triângulo Mineiro region of Minas Gerais with a cane crushing capacity of approximately 10 million tonnes per harvest, applying a circular economy model that converts all sugarcane by-products into inputs such as liquid fertilizer and energy.

Product overview

CMAA (Companhia Mineira de Açúcar e Álcool) is a Brazilian agribusiness company producing three core products — Açúcar VHP (raw sugar), Etanol (hydrated and anidro ethanol biofuels), and Bioenergia (bagasse-based bioelectricity) — from sugarcane processed at its three industrial units in the Triângulo Mineiro region. The company operates a full-cycle production model that leverages all sugarcane outputs, converting bagasse into bioenergy, and processing by-products such as vinhaça and filter cake into organic fertilizers. CMAA's product portfolio is organized around its three industrial units: Vale do Tijuco (Uberaba), Vale do Pontal (Limeira do Oeste), and Canápolis.

Differentiator

Problem solved

Functional benefit

Products and services

• Açúcar VHP (Very High Polarization Raw Sugar)

Quantifiable outcome

• Reduced chemical fertilizer dependency by up to 50%
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• GEOMIT (Joint Venture: Mitsui Gás and Geo bio gas&carbon)coreStrategic or Co-development Partner · 23 April 2025MOU signed for developing biogas and biomethane projects from sugarcane residues (vinasse, filter cake, bagasse) at commercial scale. Initial focus on Vale do Tijuco unit in Triângulo Mineiro. GEOMIT combines Mitsui's gas infrastructure presence (13 local gas distributors) with Geo's proprietary biogas technology. Aims to provide competitive low-carbon natural gas for local industries and transport sector.
• 2C Energia (Joint Venture with CZ/Czarnikow)coreStrategic or Co-development PartnerJoint venture between CZ (Czarnikow) and CMAA to develop solar energy projects across Brazil. First plant inaugurated in Brazlândia (DF) with 2.7 MW capacity. Company has 8 plants under construction and 2 greenfield projects totaling 400 MW of generation capacity. Represents CMAA's expansion into solar energy beyond sugarcane biomass.
• Polícia Militar do Meio Ambiente de Minas GeraisminorStrategic or Co-development PartnerPartnership for environmental education and rural fire prevention through Cinema e Teatro na Roça project. Police provide technical expertise and legitimacy for environmental awareness campaigns in rural schools.
• Local Prefectures (Municipal Governments)minorStrategic or Co-development PartnerCollaboration with municipal governments in Triângulo Mineiro and Goiás for community programs including Cinema e Teatro na Roça project in 7 municipalities, school kit donations, and environmental education.
• SIAMIG (Associação da Indústria da Bioenergia e do Açúcar de Minas Gerais)minorChannel Partner/ Reseller/ DistributorIndustry association partnership for annual Safra Mineira opening ceremony and sector representation. CMAA co-hosts the event marking the start of sugarcane harvest in Minas Gerais.

Scale indicators14 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Raízen: Brazil's largest sugar and ethanol producer (Cosan + Shell JV), operating ~70M tonnes of cane crush and a national fuel-distribution network. Direct competitor in VHP sugar, hydrated/anhydrous ethanol, and second-generation ethanol/biomass themes; also acquires CBIO credits, making it the benchmark competitor for CMAA.
• São Martinho: One of Brazil's largest publicly traded sugar-ethanol producers (São Paulo state). Operates multiple mills, similar integrated sugar + ethanol + bioenergy model with Bonsucro certification. Highly comparable on product mix, certification regime, and B2B commodity customer profile.
• BP Bunge Bioenergia: Sugar-ethanol JV between BP and Bunge, operating 11 mills across Brazil's Center-South. Very similar size and product portfolio to CMAA — VHP sugar, ethanol, bioenergy from sugarcane — and competes for the same Renovabio carbon credit stream.
• Adecoagro: Latin American agribusiness with sugar/ethanol operations in Brazil alongside Argentine grains/dairy. Operates three sugar mills in Brazil with vertical integration similar to CMAA's — VHP sugar and ethanol plus renewable electricity and carbon-credit programs.
• Atvos: Brazilian sugar-ethanol producer with multiple mills, recently emerged from judicial restructuring. Operates in the same Center-South sugarcane belt and produces the same VHP sugar + ethanol + bioenergy product set as CMAA.
• Biosev (Louis Dreyfus): Brazilian sugar-ethanol processor (subsidiary of Louis Dreyfus Company). Operates a network of mills with VHP sugar, ethanol, and bioenergy — directly comparable production model to CMAA at similar center-south geographic exposure.

Broad incumbents

• Tereos: French-headquartered sugar cooperative with significant Brazilian operations (Tereos Açúcar e Energia Brasil). Diversified across sugar, ethanol, and bioenergy; broader global footprint and capital base than CMAA, making it an incumbent benchmark for product, cost and certification.

Regional players

• Coruripe: Brazilian regional sugar-ethanol producer focused on the Triângulo Mineiro / Minas Gerais region — direct geographic neighbor to CMAA with similar sugarcane-based product mix and regional ethanol distribution.
• Jalles Machado: Brazilian sugar-ethanol producer headquartered in Goiás, adjacent to CMAA's Triângulo Mineiro footprint. Operates sugar mills and produces VHP sugar, ethanol and bioenergy with comparable scale and product mix.

Others

• IndoAgri (IndoFood Agri Resources): 50% owner of CMAA and Indonesia's largest agribusiness (Salim Group). Operates palm oil, rubber and sugar plantations in Indonesia; relevant as governance shareholder, technology transfer counterparty, and strategic option for cross-border expansion — not a direct competitor in Brazil.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cmaaoficial

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CMAA