Suzano Renewable Energy enters into letter of intent for biomass plant with Maranhão state government in Brazil

By Renata Mercante, Editor, PPI Latin America, RISI

SAO PAULO, Sept. 29, 2011 (RISI) - Brazil's Suzano Renewable Energy, owned by Suzano Pulp and Paper, has entered into a letter of intent with the government of Maranhão state to install one or more biomass energy production units in the region.

Suzano has plans to build three 1 million tonnes/yr wood pellet lines each, with startup expected between 2013 and 2014. The company is investing around Real 1 billion ($547.5 million) in the project, including forests and industrial units.

At the beginning of June, Suzano said it was looking for a partner - or partners - for the renewable energy company, but has not yet disclosed any names.