Brazilian-based pulp producer Fibria Celulose S.A. has formed a joint venture with Ensyn Corp., to produce biobased fuels and chemicals. In addition to the joint venture formation, Fibria has also invested $20 million into Ensyn. One of the world&rsquo;s largest pulp producers, Firbria intends to also supply non-food biomass for future conversion use.
The $20 million dollar investment by Fibria will provide the company with roughly 6 percent ownership of Ensyn, and according to the company, will also allow Fibria to exercise future rights through further investment that would increase its holdings of Ensyn to 9 percent. Fibria will not be part of a shareholder group that also includes: Credit Suisse, Impax Asset Manager PLC, CTTV Investments LLC (a division of Chevron U.S.A. Inc.) and others.
Ensyn, a U.S.-based advanced biofuels and chemical developer has created a process the company has trademarked, called Rapid Thermal Processing. Marcelo Castelli, CEO of Fibria, said the company&rsquo;s mission is to leverage fiber growing expertise and market position in Brazil.
&ldquo;Fibria&rsquo;s significant expertise, resource base and strong local presence are a perfect fit for Ensyn as a joint venture partner in this major market,&rdquo; according to Robert Graham, chairman and CEO of Ensyn. In addition to financial support and future access to biomass feedstock, Ensyn has awarded Fibria a place on its board of directors.
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Ensyn Corp. has developed a technology known as Rapid Thermal Processing. 

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Brazilian-based pulp producer Fibria Celulose S.A. has formed a joint venture with Ensyn Corp., to produce biobased fuels and chemicals. In addition to the joint venture formation, Fibria has also invested $20 million into Ensyn. 

Brazilian pulp producer forms joint venture, invests in Ensyn

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