The company, a subsidiary of Brazilian pulp and paper group Suzano, has signed a letter of intent to construct the plants, which will produce wood pellets from eucalyptus.
Suzano Energia Renovável says it is eyeing export markets for the biomass fuel, prompted by Europe’s aggressive targets and incentives to substitute fossil fuels with renewables.
The first investment phase includes three pellet-production units, each with a capacity of one million tonnes, to be operational by 2014.
The
