Fibria Expanding into Biofuels

http://www.bloomberg.com/news/2012-10-09/fibria-plans-brazil-wood-to-fuel-plant-to-diversify-sales.html
Fibria Celulose SA (FIBR3), the world’s largest pulp producer, is expanding into biofuels as an expected global oversupply of the main raw material in paper threatens to depress prices, Chief Executive Officer Marcelo Castelli said.

Its first plant will be able to produce about 22 million gallons (83 million liters) of fuel a year from wood and will open in 2015 after about two years of construction, Castelli said yesterday in a telephone interview.
Fibria, based in Sao Paulo, expects to get as much as a quarter of its revenue by 2025 from biofuels and other products made from its forestry assets. That will reduce its reliance on pulp, which accounted for about 94 percent of its 5.9 billion reais ($2.9 billion) in sales last year, he said. The company may build as many as ten more biofuel plants through 2020.