Suzano announced that the operational start-up of its new pulp mill in Ribas do Rio Pardo, located in the state of Mato Grosso do Sul ("Cerrado Project"), Brazil, will take place in July 2024.
Initially announced in May of 2021, the Cerrado Project involves the construction of the new pulp mill that will have the capacity to produce 2.55 million tons per year of eucalyptus pulp, increasing Suzano's installed market pulp capacity to 13.5 million tons per year.
The R$22.2 billion project is one of the largest private-sector investments currently under development in Brazil.
Suzano noted that the new pulp mill is in its final commissioning phase and the company has plans in-place to ensure the appropriate execution of the start-up and expected performance of its learning curve.
In addition to pulp production, the new mill will have the capacity to sell approximately 180 MW of surplus energy to Brazil's power grid and it will have as one of its differentials the gasification of biomass to replace fossil fuel in lime kiln, representing a new milestone in eco-efficiency and sustainability for the industry and region.
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