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Suzano to Invest $800 Million to Build Bioenergy Facitiites

July 29, 2010 - Brazilian pulp and paper producer Suzano Papel e Celulose plans to invest up to $800 million to create a bioenergy business unit.

According to Reuters, the unit, which would be known as Suzano Energia Renovavel, would build three plants that would generate electricity through the use of timber pellets, the company said in a securities filing. Each facility would have a capacity of 1 million tonnes, Suzano said, adding that the plants are expected to start operations between 2013 and 2014.

SOURCE: Reuters




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