April 12, 2023
(press release)
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First contribution from Suzano's corporate venture capital aims to leverage pioneering technology in the production of lithium-carbon batteries made from biomaterials Suzano Ventures , Suzano's corporate venture capital , announces 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 first 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 also 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. These batteries have the potential to set new standards in ultra-fast charging applications, with the opportunity to be used in different segments such as mobility, robotics, next generation hybrid applications and without the use of materials such as cobalt, nickel and other metals, whose scarcity has impacted global supply chains and increasing costs. The investment is linked to the strategy of Suzano, a global reference in the manufacture of bioproducts developed from the cultivation of eucalyptus, to invest, through Suzano Ventures, in startups that are promoting new materials based on renewable raw materials. In addition to the investment and supply of biomaterials, Suzano will make its teams in Brazil and Canada available to support the innovation and commercialization of the technology, as well as the development of global supply chains and markets for the batteries. “At Suzano Ventures, our focus is on finding deep tech startups that can build a circular and regenerative economy through the production and use of innovative biomaterials. pulp production as a fundamental raw material, in order to accelerate the global transition to zero-emission mobility”, says Paula Puzzi, manager of Suzano Ventures. "This significant investment is the key step in demonstrating the immense opportunity to combine Suzano's sustainable natural resources and Allotrope's high-rate carbon technology . Working with Suzano, we have access to a raw material that is sustainably produced , along with the commercial and technical expertise and global reach of working with a large multinational company," says Peter Wilson, CEO of Allotrope Energy. "The partnership comes at a time when we see growing global interest in exploring new battery technologies that offer broad appeal across a variety of industries.” 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. More information is available on the Suzano Ventures website: www.suzanoventures.com .
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