Suzano hints at financing for R$14.7 billion investment in pulp plant

Chicago, May 12 – Suzano Austria GmbH hinted that it may seek financing as part of its announced R$14.7 billion investment in a new pulp plant in Mato Grosso do Sul in Brazil, according to a press release.

The company said the main funding source would be its cash generation, but it might be complemented by financing, should the cost and term conditions be attractive.

Suzano is constructing a new plant with annual production capacity of 2.3 million tons of eucalyptus pulp.

Production should start by the end of the first quarter of 2024.

The plant will also have the capacity to sell approximately 180 MWave of surplus energy to Brazil’s power grid.

“The unit should become Brazil’s first fossil-fuel free pulp and paper plant, representing a new milestone in ecoefficiency and effectively,” the company stated.

Suzano Austria is a Vienna-based subsidiary of Suzano. The pulp and paper company is based in Sao Paulo.

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