- Suzano targets bioeconomy with VC fund
Suzano targets bioeconomy with VC fund
06/15/2022 Since 2 months
Brazilian pulp and paper company Suzano plans to put $70 million in its first venture capital fund to provide financing to start-ups.
The fund intends to acquire minority stakes of 10% to 40% in companies to foster innovation.
Suzano is looking at forest-based innovations related to the bioeconomy, and areas of interest include new materials based on cellulose biomass derived from eucalyptus, paper-based sustainable packaging, agriculture technology and technologies to capture carbon.
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