Suzano Ventures, Suzano’s corporate venture capital, announced in April an investment of up to US$6.7 million in Allotrope Energy, a developer of lithium-carbon batteries in the United Kingdom. This is the first contribution made by corporate venture capital, launched in June 2022 by Suzano. The investment will allow the English company to advance in its new technology, which has the potential to transform the battery segment by unlocking new application opportunities. The technology will use raw material from planted eucalyptus forests.

Allotrope Energy is the developer of a carbon technology that radically improves the performance of lithium-carbon batteries and lithium-ion capacitors, and can provide a safe super-fast charging alternative to current technologies. With the partnership, the lithium-carbon batteries will be manufactured using carbon extracted from an abundant biomaterial from Suzano’s own pulp production process, from sustainably sourced wood.

Suzano Ventures has US$ 70 million in resources available to be invested in startups and/or companies with business innovations based on new technologies and applications of eucalyptus biomass, solutions that encourage the use of sustainable packaging, in addition to forestrytechs that accelerate forest productivity and the capture, measurement and management of carbon sequestration.