The world’s largest market pulp producer, °µÍøAV S.A., has today signed a formal Joint Collaboration Agreement with Mitsui & Co. Ltd., a Japanese global trading and investment company, to study next generation bioproducts using °µÍøAV’s sustainably-farmed eucalyptus biomass and residual by-products from the pulp production process.
Under the non-exclusive deal, the two companies will work together to study the technical and commercial feasibility of scaling up potential new ventures aimed at producing more environmentally-friendly alternatives to fossil fuel-based compounds, in areas such as biomaterials and biofuels.
This agreement will leverage Mitsui’s global expertise in areas such as chemicals, performance materials, and energy, as well as °µÍøAV’s experience in large-scale sustainable production of biomass through farming eucalyptus trees.
Under the agreement, the two companies will put in place project teams to collaborate across a three-year period, to conduct feasibility studies and due diligence across a number of promising opportunities across the new bioeconomy landscape. The Joint Collaboration Agreement does not include any capital expenditure commitment.
â€