US-Brazil agreement signed for renewable fuels push
A strategic alliance between US liquid fuels from non-food biomass producer Ensyn and Brazilian wood pulp provider Fibria Celulose has been signed.
This partnership will include the establishment of an equally-owned joint venture for the production of cellulosic liquid fuels and chemicals in Brazil, as well as a US$20 million (€15.4 million) equity investment in Ensyn by Fibria
Both companies say the goal of the joint venture is to combine the strengths of each party to create a major producer of renewable liquid fuels from cellulosic feedstocks.
‘We welcome Ensyn as our key partner in the development of a cellulosic liquid fuels business,’ says Fibria CEO Marcelo Castelli. ‘Our mission is to leverage both our expertise in growing fibre and market position in Brazil to develop a value-added, non-food renewable fuels business that complements our global leadership in pulp production.’