News Brazil Biomass Project Investments

PROJECT INVESTMENTS CENTER BIOMASS AND RENEWABLE ENERGY BRAZIL

1

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Brazil Brazil Biomass Biomass and and Renewable Renewable Energy Energy

570, 570,Candido CandidoHartmann, Hartmann,24 24--243 243 Champagnat á Phone ChampagnatCuritiba Curitiba Paran Paraná Phone55 5541 4133352284 33352284 55 5541 4188630864 88630864Skype Skype celso.marcelo.de.oliveira celso.marcelo.de.oliveira URL:http://www.internationalrenewablesenergy.com URL:http://www.internationalrenewablesenergy.com EE-mail -mail Brasil: Brasil:[email protected] [email protected]

2

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

The Company

Brazil Biomass and Renewable Energy an society of production, industrialization and export of Wood Chips, Pellets and Briquetting and the development of projects with the use of forest residues for coco-generation of energy associated with a plant to be installed in Santa Catarina. The administration of the company shall be held and presided CEO Celso Marcelo de Oliveira Managing Director of International CMO Exports Biomass and Wood Chips and Brazil Biomass and Renewable Energy S.A. VISION OF THE COMPANY. COMPANY. Energy solutions based on biomass and biobio-fuels cleaner and renewable for large national and international companies, in order to mitigate the impact that their activities have on the environment by reducing emission of greenhouse gases, gases, generating earnings in its financial account of energy and the sale sale of carbon credits, and provide its energy independence not getting getting the mercy of the oil market. BUSINESS MISSION. The Brazil Biomass and Renewable Energy mission is to production biomass wood chips and cooperate in the development of projects through sustainable solutions to waste management management for a renewable energy and energy efficiency by biomass. biomass. BRAZIL BIOMASS AND RENEWABLE ENERGY. In 2008 the group was with the Portuguese NorteGá NorteGás SRL European energy company which develops special projects for biomass and renewable energy in Europe. Europe. Directed by entrepreneur Celso Marcelo de Oliveira, regarded regarded author of 44 books published in Brazil and Europe. In the same year year was formed with the Engineering Corporation and the Biomass and Renewable Energy Brazil SA The Managing Director Celso Marcelo de de Oliveira. INTERNATIONAL PARTNERSHIP. In Brazil remains an important institutional partnership with the the National Network of biomass in Portugal with the Portuguese Society of Energy, with EUBIA in Europe and the United States with American Renewable Energy. We maintain a technical exchange with the Renewable Energy and Energy Efficiency Efficiency Partnership * Accelerating the Deployment of Renewable Energy Technologies: Regional Report from the Renewable Energy and Energy Energy Efficiency Partnership * The World Bank Group - Accelerating Clean Energy Technology Innovation Pellet Fuels Institute * * Biomass Heating Fuels : Low Hanging Fruit for Carbon Emissions and Energy Energy Independence * Renewable Energy: Electricity and Biofuels in Latin Latin America and the Caribbean * Natural Resources Canada - An Overview of Renewable Energy Industry Canada's National Renewable Renewable Energy Laboratory * International Renewable Energy Alliance International Energy Agency Innovative Approaches to the Renewable Renewable Electricity System Integration of Global Bioenergy Partnership Partnership * German Renewable Energy Federation European Renewable Energy Council Council - Renewable energy policy in Europe - 20% by 2020 * New Energy Future Coalition Alliances for a New Energy Future * Business Business Council for Sustainable Energy - Industry Perspectives on How the Carbon Market Can Promote Deployment of Clean Energy Technologies. Technologies. 3

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Board of Directors BRASIL BIOMASS AND RENEWABLE ENERGY President CEO Dr. Celso Marcelo de Oliveira Dra. Maria Denise Martins de Oliveira SPE WOOD CHIPS SANTA CATARINA MEMBERS INTERNATIONAL CMO EXPORTS BIOMASS AND WOOD CHIPS BRASIL BIOMASSA E ENERGIA RENOVÁ RENOVÁVEL S.A. OCEANWIDE TRADING AND SHIPPING SERVICES GMBH PARTNER IMPORTAÇ IMPORTAÇÃO E EXPORTAÇ EXPORTAÇÃO LTDA ILP IMBITUBA LOGÍ LOGÍSTICA PORTUÁ PORTUÁRIA LTDA ALTERNATIVA OPERAÇ OPERAÇÕES FLORESTAIS LTDA MEXP ASSESSORIA EMPRESARIAL E LOGÍ LOGÍSTICA LTDA PIANKA ENGENHARIA DE CORROSÃO LTDA NEOTRANS AGENCIAMENTO E REPRESENTAÇ REPRESENTAÇÕES LTDA LM BRASIL LOGÍ LOGÍSTICA LTDA FUMIDEX E DEDETIZAÇ DEDETIZAÇÃO LTDA PIER LOGÍ LOGÍSTICA EM IMPORTAÇ IMPORTAÇÃO E EXPORTAÇ EXPORTAÇÃO LTDA

4

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

International Industry

EUROPEAN BIOMASS INDUSTRY ASSOCIATION EUBIA European Biomass Industry Industry Association “EUBIA, the European Biomass Industry Association, was established in 1996 as an international l non profit association in Brussels, Belgium. It groups together internationa market forces, technology providers, and knowledge centres, all of them active in the field of biomass. I am writing to you on behalf of the European Biomass Industry Association and we would be interested in developing an international partnership with the International Business CMO Biomass. Kind Regards,Eibhilin Manning European Biomass Industry Association Renewable Energy House Brussels Belgium •CEBIO PORTUGAL. the CEbio Portugal is a membership of AEBIOM – European Biomass Association – organismo com sede em Bruxelas e que congrega diversas organizaç organizações congé congéneres e empresas europé européias. Conta també também já já várias parcerias bilaterais and we want to sustain an important partner with your companie in in Brazil queremos manter uma importante parceria com a sua empresa no Brasil. Centro para a Valorizaç Valorização de Resí Resíduos – CVR – no campus de Azuré Azurém da Universidade do Minho. Rita Marques Presidente CEbio PT. •CARMEN GERMANY Sehr geehrte Damen und Herren, wieder bei C.A.R.M.E.N. erreichbar erreichbar und kann die gesendeten Mit freundlichen Gruessen, Daniel Miller •BFBINVESTMENTS AUSTRÁ AUSTRÁLIA Dear Mr Celso Marcelo de Oliveira, BRAZIL is now live on BFB's BFB's website. A special welcome to you all in Brazil from all of us at BFB Investments in Australia: Australia: I shall write more to you tomorrow as it's been a long day today. Time for a break! Regards, Dennis Peacock. BFB Investments Investments Pty Ltd. Australia. •SUNNA BIO RESOURCES CANADÁ CANADÁ. Dear Sir Celso Oliveira. While the Canadian market for biomass is is a growing opportunity there is as you can imagine, is a large wood and forestry products products industry currently operating in Canada and I wonder how we can import product from Brazil and still be cost competitive. Thank Thank you. Frank Gazzola, COO Sunna BioBio-Resources Converting organics into renewable energy •BUSINESS DEVELOP CHINA MARKET Dear Mr Celso Oliveira After view carefully on your business, I think it will be a big opportunity in China market, and will benefit china and Brazil, to get winwin-win situation. If your company think it is opportunity to develop china market, and need some good guy to do, then feel free free let me know. I fully support their projects and want to develop a series of business of biomass from Brazil to China. jordan jordan zhou •THERMAX UAE. Dear Mr. Celso Thank you very much for your mail. We are the Boiler Boiler manufacture with Manufacturing base in India. Our regional office based in Dubai. Currently oil prices are going up substantially & looking for a major fuel shift. shift. Therefore request you to let you know the landed prices in Dubai, so that we work out the feasibility. V.M.Raut V.M.Raut Thermax Ltd. Dubai UAE

5

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Partner Alex Stewart

Alext Stewart Brazil will make the inspection and certification of eucalyptus wood chips in the world our plant in Santa Catarina giving a full guarantee of our products. products. We are quality Alex Stewart driven and are approved by, by, or are members of, of, the following organisations: organisations: BIR: Bureau of International Recycling BMRA: Superintendent Members of the British Metals Recycling Association COMEX: Commodity Exchange in New York IFIA: International Federation of Inspection Agencies IMOA: International Molybdenum Association IPMI: International Precious Metals Institute ISRI: Institute of Scrap Recycling Industries, Inc ITIA: International Tungsten Industry Association LBMA: Associate Member of London Bullion Market Association. Association. Authorised to undertake the proactive monitoring of gold and silver refiners on the LBMA Good Delivery list. list. LME: London Metal Exchange MMTA: Minor Metals Traders Association Analytical Alex Stewart Brazil Service Wood Chips: Moisture Impurities Unsaponifiable matter Density Inspection Service Alex Stewart Brazil: Brazil: Quality control Quantity verification / ullage survey Supervision of loading and/ and/or discharge Sampling Land tank inspection Ship tank inspection Supervision of transfer to transport Laboratory analysis Wood Chips Certification Wood Chips Consultancy Alex Stewart for Brazil. Brazil. Wood Chips Brazil monitoring - Full technical consultation and advice including storage and transportation logistics from warehouse to ship side, side, GAFTA or FOSFA approved loading and discharge supervIsion and inspection for end buyers. buyers. Stock monitoring Wood Chips quantity will be logged into a stock book, daily release quantity will be verified against the release note and the stock book. Reports and updates will be sent by email to the relevant parties on the next working day. day. Goods release – will be upon official written instruction from Alex Stewart and with written approval of receiver/ receiver/creditor through an official release order. order. We will also monitor release and ensure safe passage of goods from CMA cargo to Non CMA Cargo bybulk delivery. delivery. At load port Imbituba, Imbituba, SC– SC– Upon the official signing of legal collateral management agreements between the creditor and depositor and any appointment of Alex Stewart inspector to certify loading supervision and cargo quantity and quality, quality, the cargo is under due care of creditor and depositor. depositor. CMA pledge – upon completion of discharge operations, operations, Alex Stewart would pledge the CMA quantity based on actual weight figures and would take full effect by the issue a nonnon-negotiable warehouse receipt endorsed by an authorized signatory in favour of the receiver. . receiver 6

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

EXECUTIVE EXECUTIVE SUMARY SUMARY INTERNATIONAL INTERNATIONAL BIOMASS BIOMASS RENEWABLE RENEWABLE ENERGY ENERGY

7

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Renewable Energy

To combat climate change and to increase the share of renewable energy sources biomass will play an important role. However, it has to be assured that the increase in use of biomass for energy purposes goes hand in hand with the conservation of biodiversity environment, environment, because biomass production may create additional environmental pressures, pressures, such as on biodiversity, biodiversity, soil and water resources. The optimisation of all steps from biomass cultivation or collection over transport and processing may contribute to get the maximum greenhouse gas emissions reductions and to reduce emissions affecting air quality. quality. Surveys in different EU countries have shown that electricity from from biomass is not necessarily perceived as 'green'. Awareness of bioenergy or biomass is generally rather low and wind energy or solar power are the main types of energy identified as renewable energies by a wider public. Compared to those homogenous energy sources, the range of available fuels and feeding material which we encounter in the bioenergy sector may also be perceived in remarkably remarkably different ways. While some fuels may be seen as clean others others may be perceived as dirty fuels (e.g. waste). However, this separation ration is not always as expected, because in countries with little le sepa litt forest areas the use of waste for bioenergy may be more accepted than the the idea of cutting trees (Rohracher et al. 2004). The progress has been made, the 2010 target of 21 % renewable electricity electricity for EU corresponding to 22.1 % for EU15 will not be achieved under current policies and measures. Instead, currently implemented policies will probably result in a share of between 18 % and 19 % in 2010. In total, renewable energy accounted for about 15.2 % of total electricity generation in 2002. It has been identified identified that the main reason why the target is not being achieved is because because the production of electricity from biomass has not been as high as initially foreseen To ensure that biomass will contribute in the planned way to achieve achieve the renewable energy goals for 2010 the European Commission presented an Biomass Action Plan4 in December 2005. This action plan sets out measures to increase the development of biomass energy from wood, wastes and agricultural crops by creating market market--based incentives to its use and removing barriers to the development of the market. A variety of studies have proven the available potential of biomass biomass in the European Union as well as in the OECD (Siemons et al. 2004, Thrä Thrän et al. 2004, Bauen et al. 2004, EEA 2005). Some data shall be provided in the following to get an idea about what are the most important biomass sources of the future. The project 'Bio'Bio-Energy's role in the EU Energy Market' (Siemons et al. 2004) found found a total availability of biomass fuels in the EU25 plus 2 candidate countries of 159 Mtoe/yr for the year 2000, growing to 210 Mtoe/yr in 2020.5 More details are given in Table 3. According to the authors these overall figures should be regarded regarded as indicative, as they imply an inaccuracy in the range of ± 10 % as a result of assumption on land use for energy crops. 8

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Fossil Fuels and Pollution

The growing demand for fossil fuels in the world: Between 1950 and 2005, the world's consumption of oil grew more than 80%, bringing global demand to 85 million bbl. bbl. of oil per day. day. Despite this incredible growth, growth, the appetite for oil in the world only increases, increases, as developing countries like China and India finally move toward styles of living comparable to those of Europe and the U.S.. U.S.. Most estimates show incredible double the oil requirement of the between 120 million and 130 million bbl. bbl. per day by 2025 or 2030. This requirement can be met if a majority of the additional stock coming from the Middle East, East, with Saudi Arabia, Arabia, without taking into account the peak demand in the future the sources tend to run out in the coming years. years. World consumption of liquid in the event of increases in IEO2007 reference to 118 million barrels per day (239 in quatrilhões BTU) in 2030, as the world continues to experience strong economic growth. growth. Two thirds of the increase in world consumption of liquid in case the reference is designed for use in the transport sector, where there are few competitive alternatives to petroleum. petroleum. The industry has a 2727-percent share of the projected increase, , mainly for use in manufacturing chemical and petrochemical product. . increase product Coal from Asia in Asia: Asia: Coal consumption in emerging economies of Asia designed to be more than doubled, doubled, rising from 2118 million tonnes in 2002 to 3715 million tonnes in 2015 and 4435 million tonnes in 2025. The projected increase from 2317 million tonnes from 2002 to 2025 represents 78 percent of the increase in world consumption of coal over the period, period, despite large increases in consumption of coal designed for emerging Asia. Asia. In total energy consumption in the region also is designed to tilt slightly, slightly, from 47 percent in 2002 to 44 percent in 2025 demand for coal from Asia: Asia: 3715 million tonnes in 2015 Problems of Pollution from coal in the U.S.. U.S.. Coal is highly polluter in the generation of electricity. electricity. With all surprising technological innovations on the last century, century, one thing has not changed much is confidence in the U.S. from fossil fuels, fuels, Over 50% of the electricity generated in the U.S. still comes from coal in the 21 century. century. U.S. should lift the 280 coal thermoelectric power plants by 2030. China is building the equivalent to a large thermoelectric coal per week. week. (U.S. (U.S. Department of Energy, Energy, "Coal "Coal website." website." Accessed August 8, 2006.) Pollution by particles is one of the most dangerous air pollutants approximately 64 million Americans are affected directly, directly, putting their health at risk. . risk

9

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Biomass Energy

Biomass energy plays a vital role in meeting local energy demand in many regions of the developing world. Biomass is a primary source of energy for close to 2.4 billion people in developing developing countries . It is easily available to many of the world’ world’s poor and provides vital and affordable energy for cooking and space space heating. BiomassBiomass-based industries are a significant source of enterprise development, job creation and income generation generation in rural areas. Modern biomass energy is widely used in many developing countries as well as in parts of the industrialized industrialized world. With proper management backed by adherence to appropriate ecological practices, modern biomass can be a sustainable sustainable source of electricity as well as liquid and gaseous fuels. Biomass, therefore, is not only a vital source of energy for many today but is likely to remain an important source of energy in the future subject to its sustainable exploitation. It contributes to poverty reduction in developing countries; It meets energy needs at all times, without expensive conversion devices; It can deliver energy in all forms that people need (liquid (liquid and gaseous fuels, heat and electricity); It is carbon dioxide dioxide-neutral and can even act as carbon sinks; and It helps to restore restore unproductive and degraded lands, increasing biodiversity, soil fertility and water retention Various global studies on the potential of biomass indicate that its use is expected to increase in the future. The IEA estimates estimates that final consumption of biomass energy will increase in most regions regions , although at a slower rate than conventional energy consumption. The share of biomass energy in total global energy supply will, however, not increase and is expected to remain at about 11% . Modern biomass technologies have the potential to provide improved improved energy services based on available biomass resources and agricultural residues. Widespread use of combined heat and power power generation biomass options in rural areas can address multiple social, economic and environmental issues that now constrain constrain local development. The availability biomass power in rural areas could help provide cleaner, more efficient energy services services to support local development, promote environmental protection, provide improved domestic fuels and improve rural livelihoods. livelihoods. Bioenergy technologies based on sustainable biomass supply are carbon neutral and lead to net CO2 emission reduction reduction if used to substitute fossil fuels. Another advantage of modern biomass energy is its job generation potential – a very important attraction for many developing countries faced with chronic levels of unemployment or underunder-employment. Existing studies indicate that, in comparison to other primary energy sources, the job generation potential of modern modern biomass is among the highest . 10

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Brazil Biomass

Brazil has tradition on biomass production and use. The country fulfils the main required conditions regarding largelarge-scale production of biomass, such as land availability, adequate weather weather conditions, inexistency of particular constraints regarding labour and the domain both of biomassbiomass-production and biomassbiomass-conversion technologies in the agricultural and in the industrial sides. Few countries with reasonable to good level of industrialization, industrialization, like Brazil, have an energy matrix with such an important share share of renewable energy sources. In 2007, 42 per cent of the Brazilian Brazilian primary energy supply was covered by renewables. renewables. Hydraulic has contributed in 2007 with 12.8 per cent of the domestic domestic energy supply. The set of biomass sources have covered in the same year 29.3 per cent of the domestic energy supply, with with a contribution of 13.6 per cent of sugarcane products (alcohol and bagasse), bagasse), 13.0 per cent of wood (firewood and charcoal) and 2.7 per cent cent of other renewable energy sources – mainly black liquor and agricultural wastes. Brazil has tradition and a significant potential on biomass production. production. The historical importance of biomass energy in Brazil is due to a set of factors, including (i) the size of the country and and the availability of land, (ii) the adequacy of its weather, (iii) (iii) the availability and the low cost of the working force and, most important, important, (iv) the domain of biomassbiomass-production and biomassbiomassconversion technologies in the agricultural and in the industrial industrial sectors. The accomplishment of these conditions defines a potential biomass. Technical and environmental aspects: i) Average annual yield: 25 25-50 t/ha for eucalyptus (7 years) and 2020-40 t/ha for pines (12 years); ii) Up to 3 harvests per planting for eucalyptus; iii) iii) Charcoal - increasing efficiency leading from 330 to 450 kg / t of wood (+ 36%), together with the achievement of 100 % from planted planted forests for 2010; iv) NoNo-tillage or reduced tillage is the usual method of planting; v) Highly reduced input of chemicals; vi) At licensing stage, it is required the adoption of general BMPs; BMPs; vii) Land availability for new forests may be met inside the 10 10 M ha already forested, even considering rotation practices. Reasons: shortshort-term rotation and increasing earnings obtained in productivity. However, considering the existence of approximately 50 Mm3 of forest forest residue practically forgotten, it should be considered the utilization of this as an energy. In a horizon of 1 year, when en wh new plantations and reforestation as mention before were ready to be harvested, as a result mainly from the National Programs, Programs, Brazil will have great availability of forest biomass to be be exported. 11

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Brazil Biomass

12

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Biomass Renewable Energy

Using wood wastes from sustainable forestry as fuel increases the the health of the forest resource. Brazil Biomass are looking for new new markets for lowlow-grade wood wastes from the forest, as a way to remove cull trees and improve forest health. Biomass systems are relatively easy to convert to other fuels and and so offer great flexibility for an uncertain energy future. SolidSolid-fuel systems, particularly those made to burn chunky fuels like wood chips, can readily be converted to burn almost any other fuel.

The greatest environmental benefit of burning wood for energy is in its positive impact in moderating climate change. CO2 buildup in the atmosphere atmosphere is the primary cause of global climate change. Fossil fuel combustion takes takes carbon that was locked away underground (as crude oil and gas) and puts it in the atmosphere as CO2. When wood is burned, however, it recycles carbon carbon that was already in the natural carbon cycle. The net effect of burning burning wood fuel is that no new CO2 is added to the atmosphere, as long as the forests forests from which the wood came are sustainably managed. Therefore, when wood replaces replaces fossil fuel, the net impact is to reduce CO2 levels in the atmosphere significantly. significantly. As public consciousness and information about environmental and resource issues increases, often see wood energy as an attractive choice over fossil fuels. fuels 13

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

What Is The Opportunity?

The conversion of woody biomass to energy in Brazil poses a unique unique opportunity to simultaneously address three challenging problems: • The need to restore Brazil’ Brazil’s forest health • Renewable energy alternatives • The need to revitalize Brazil’ Brazil’s rural communities With the peak of worldwide petroleum production in sight, interest interest in alternative energy sources is growing. Most people recognize that America/Europe/Asia is placing its economic future future and national security at risk by continuing to rely on fossil fuels which are becoming increasingly expensive and often come from from societies that are hostile to us. In addition, it is becoming increasingly evident that fossil fuels carry heavy environmental environmental costs that must be addressed. Conventional technologies are available that can be applied immediately immediately to produce electricity and heat from biomass. In fact, they have been applied for decades by the forest products industry industry to utilize mill wood wastes and generate a significant amount of energy. About 37% of biomass‐ biomass‐derived energy came from wood wastes. Another 46% came from combustion combustion of spent pulping liquor, a byproduct of the papermaking process. The potential payoff from production of liquid fuels from biomass biomass is greater. Technologies to convert cellulosic biomass such as wood to ethanol, while not yet commercial, should be available available within the next decade.

14

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

What Are The Environmental Benefits?

Science on the environmental issues surrounding use of forest biomass biomass for energy production indicates environmental benefits arise from reducing the risk of catastrophic wildfire, restoring overcrowded forests to conditions that are more natural, natural, and from replacing non‐ non‐renewable energy with renewable energy. Benefits include air quality improvement, reduction in greenhouse greenhouse gases, soil and water conservation, and protection and restoration of wildlife habitat and biodiversity. Some benefits accrue from both forest restoration and fossil fuel replacement. For example, air pollution and greenhouse gases emissions are reduced reduced by reducing wildfire likelihood and by reducing emissions from energy production as biomass replaces fossil fuel. fuel. Other impacts are characterized in terms of shortterm versus long term risk. Woody biomass energy can help Brazil achieve its goal of supplying supplying 25 percent of the energy needs from renewable resources by 2025. Reducing our dependence on fossil fuels and foreign oil supplies supports national goals of lowering the trade deficit. Closer to home, a direct economic impact related to forest biomass biomass utilization is job creation, predominantly in the rural areas of Santa Catarina. Catarina. Production of 150 MW of electricity from woody biomass would create create about 900 jobs. This does not count indirect job creation, which is usually in the range of 2 ‐ 3 indirect jobs per direct job. Opportunities for converting forest biomass to energy most commonly commonly fell under the headings of forest restoration, rural economic development, and renewable energy. Forest restoration was was generally seen as the most important driver of the momentum to convert forest biomass to energy in Brazil. Global Environment Benefits. The implementation of this project intervention will yield a total CO2 emission reduction of about 26,000 tonnes of CO2 per year and 390,000 tCO2e per plant life. The replication replication and multiplier impact of the proposed project has a potential of supporting new renewable energy technologies based power projects in Brazil alone which will give carbon emission reductions of about triple. Additional benefits of the project would include reduced dependence dependence on fossil fuels. The project will also have a positive impact on the Santa Catarina economy, taking into consideration new opportunities for employment employment that will become available due to higher productivity achieved in the local industries based based on renewable energy technologies based process heat.

15

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

PROJECT PROJECT CENTER CENTER BIOMASS BIOMASS AND AND RENEWABLE RENEWABLE ENERGY ENERGY BRAZIL BRAZIL

16

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Center Biomass Brazil

Utilization of biomass in distributed power plants, both for heat heat generation and possibly for heat and power coco-generation, feeding district heating networks, represents a priority action with respect to the objectives of the International energy policy, policy, in terms of reduction of CO2 emissions, energy supply security, energy efficiency, environmental improvement at local level in highly polluted residential areas and social acceptability. Properly Properly selected projects may represent the least cost investment towards these objectives. Scope of the Project is the technical configuration of optimum models of energy conversion plants of biomass - wood chips or pellets selected residual biomass, based on viable viable new technologies. Information Nominee: City Imbituba, Imbituba, Brazil Project Title: Center Biomass Brazil Country: Country: Brazil Nominating Institution: Brazil Biomass and Renewable Energy Brazil Business sector: Energy Public/Private: Private Project description and objectives: The project involves the construction of biomass production facility facility in South Brazil. Transition impact: impact: The project will have a significant transition Impact derived mainly mainly from: supporting regional expansion business encouraging foreign direct investments into South Brazil, Brazil, skill transfer as well as demonstration effect of environmentally sound wood processing and biobio-fuel industry in Brazil, promotion of sustainable forest management management standards and certification through market mechanisms in Brazil. The project will also contribute to the facilitation of more efficient use of wood resources. Biomass energy supports the agricultural and forest industries. The main biomass feedstocks for power are paper mill refuse, lumber mill scrap, forest clearance, the debris from tree pruning, pruning, etc. Also, cleaning and clearing forest reduces the risk of forest fires. Under the framework of the Kyoto Agreement, the generation generation of electricity from biomass does not compute in terms of emissions, as the process involves the release of carbon carbon previously fixed in the atmosphere by photosynthesis. A renewable, sustainable resource. A positive impact in moderating moderating global climate change (burn cleanly with low sulfur emissions) . Favorable policies support biomass power generation. generation. Biomass one of the few renewable technologies that can provide competitively priced electricity today. Most biomass power power generation plants utilize the same technology with coal fired power plants. Cost of power generation from biomass on a decreasing decreasing trajectory mainly due to improvements in the technology. 17

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Potential Impact Center Biomass Brazil

The environmental benefits of the use of renewable resources, in terms of reduction of CO2 emissions (Kyoto objective) and of increased increased security of energy supply, are at the base of the energetic policy policy of the Brazil. An environmental benefit at local level, related related to improvement of the air quality, is due to take place as a result of the elimination of conventional heating boilers, of the selection selection of environmentenvironment-friendly technologies and of the particular attention in the decisions decisions relevant to plants location. 1. Introduction. Promoting a diversity of renewable energy generating resources in in Santa Catarina is good energy policy for a state that has an electricity system heavily dependent on hydropower and increasingly increasingly dependent on fossil fuels. Because some renewable energy fuels are freely accessible and others are not subject to fossil fuel price swings, they help stabilize electric rates. They contribute contribute to a healthy electric power infrastructure. Similarly, developing a biofuels industry in Brazil will help reduce our dependence on petroleum for transportation.As importantly, developing the state’ state’s renewable energy resources, related manufacturing and research and development presents a huge economic opportunity, particularly in rural parts parts of the state where economic development can be most challenging. challenging. Investments stay in Brazil, creating jobs and growing a “second crop” crop” for farmers, ranchers and forest landowners. Finally, renewable energy is an investment in the environment by displacing the use of fossil fuel generation and avoiding numerous pollutants and global warming gases.The energy conversion projects from biomass can be classified as priority ones for the object of a rational and efficient efficient use of biomass in a Sustainable Energy System, both at Brazil level, but their development is hindered by considerable barriers, deriving deriving from the complexity of their numerous components, such as: Collection, Collection, transport and storage system for biomass of different classes (virgin and residual). Energy conversion plant of moderate capacity, subject subject to new and strict regulatory rules with respect to environmental environmental impact. Specifically, the impact of the Project can be broadly referred referred to several contents: a) Presentation of the legislative and regulations framework in a new and complex sector such as biomass utilization, utilization, with reference to the specific prescriptions. b) Rationalization Rationalization of the biomass market and selection of the biomass which can be conveniently ently utilized, within the specific context of Sant Catarina. c) conveni c) Identification of efficient, proven and economic technologies for for biomass transformation, and selection of the optimum models in the framework of biomass availability and of heat demand. d) Example of territorial investigation and planning of district heating systems, systems, presentation of methodologies and results in real conditions, in order to disseminate the knowledge, identify opportunities in the the area and stimulate the application in similar areas. e) Reduction of the emissions and improvement of the environmental impact of the energy energy sector as a whole.f) Evaluation of the viability conditions for some actual cases, in terms of technical, environmental and economic economic aspects, singling out benefits, limits, constraints and barriers.The barriers.The biomass utilization may provide the following impact with respect respect to standards: 1. Increase of the local market of biomass as a fuel. 2. Push towards a modernization of the Brazilian regulations relevant relevant to the plants for combustion of fossil fuel, that even today foresee foresee the compulsory adoption of the open expansion vessel, with an overall increase of the construction costs and sometimes decrease of the efficiency of the energy conversion process. 3. Push towards the the development of rules and standards for the determination of the avoided CO2 emissions and the saving of fossil fuel, in view of the application of the Kyoto protocol and of the titles of energy efficiency. efficiency. 4. Making the region as a national center for the export of biomass biomass in the form of wood chips to meet the high demand internationally. internationally. This project directly benefit the local community with the generation generation of thousands of jobs and support the entrepreneurs of Forestry with a new alternative to implement their business. It is a pioneer project in Brazil and must have international support. 18

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Goals and Initiatives

Santa Catarina has long been one of the nation’ nation’s Brazilian leaders in encouraging renewable energy resources. Among the benefits of renewable energy for the state: • Using forest residues to produce energy can improve forest health, health, reduce wildfire risk and fire suppression costs, and reduce overall smoke emissions from forestland tland burning. • Generating energy from waste gas at dairies, landfills fores and sewage treatment plants can reduce environmental liabilities and provide another revenue source for businesses and communities. communities. • Renewable resources help insulate from volatile fossilfossil-fuel prices. • Using renewable energy resources reduces air pollution, thereby reducing health care costs and limiting the impact of likely stricter stricter federal emission standards in the future. • A healthy environment helps attract and retain businesses and is also very important to to the tourist industry. 2. The Benefits of Renewable Energy Resources. Fossil fuels pose significant risks when considering the availability availability and price. Readily available energy at an affordable price is essential for the manufacturing, manufacturing, agricultural, transportation, retail, and indeed all sectors of Santa Catarina economy. It is prudent that we diversify our investments and allocate allocate a greater portion to renewable resources. By focusing our efforts on renewable energy markets, Santa Catarina will better protect itself from the volatility of the wholesale electricity and natural gas markets. It is essential that we act now to lay the foundation foundation for accelerated renewable energy development that will sustain sustain Santa Catarina progress. Developing renewable resources reduces major health risks risks through reduced air, land, and water pollution. Adverse effects of global warming on weather and climate can be mitigated mitigated by reduced CO2 emissions. Economic Development and Job Creation. Creation. Santa Catarina expect their basic needs to be met. They expect the State of Santa Santa Catarina to plan for and develop an environment that produces social and economic benefits that meet current and future future needs, while preserving and restoring the health of the natural natural environment. Investments in renewable energy result in a net increase increase in jobs. 3.Goals and Initiatives. The Plan’ Plan’s goal is to encourage and accelerate the sustainable production of energy from renewable sources, stimulate economic development, particularly in rural parts of the the state, and improve the environmental future of the state. The Plan intends to demonstrate a variety of technologies for tapping renewable renewable resources, and to help remove barriers to renewable resource resource development. 4. Biomass. Currently, there are biomass combustion boilers at more than industrial industrial sites in Santa Catarina. Catarina. These boilers supply heat and energy for industrial processes. New biomass energy markets may provide a way of disposing of otherwise problematic forest biomass biomass residues from timber harvests, stand improvement activities, fuels fuels treatments, and thinning in a costcost-effective manner. Agricultural and urban biomass wastes (extracted solid wastes) can also be utilized utilized as fuel for energy facilities. The lack of certainty in biomass biomass outputs and the high cost of gathering and transporting forest and other biomass to an energy conversion facility continue to be barriers barriers to economic biomass energy development. However, investments in forest forest and other biomass conversion to energy will lead to multiple environmental, economic, and social benefits. These include:• include:• reduced wildfire risks to communities and wildfire suppression costs to taxpayers • increased timber supplies • improved forest health, water quality, wildlife habitat, and recreation recreation areas • reduced air pollution from wildfire and prescribed forest. • extended landfill life with recovery of biomass • reduced and avoided carbon dioxide emissions, and • maintenance of familyfamily-wage jobs and a forest industry infrastructure in rural Santa Catarina. Catarina. 19

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

PROJECT PROJECT WOOD WOOD CHIPS CHIPS

20

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Wood Chips Brazil

Log chipping yard is projected to process logs in order to produce produce chips that meet the standards of the pulp industry standards. The logs are received on appropriate inin-feed tables that direct them to the chipper to be processed and later on.After that, they are classified and transported up to a pile or a silo. silo. One person controls the whole operation through computerized panel directly from a control cabin, where the process process is followed by a closed TV system.

21

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Plant Wood Chips Brazil

22

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Center Wood Chips Brazil

23

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

Log Debarking and Classifying System. Log debarking and classifying system is composed by equipment especially especially projected to receive, debark and properly classify logs that come from the forest forest in diameters and/or lenghts, lenghts, according to any further process (sawmill, veneer, pulp, particle board, MDF and others). The system can be manufactured to accept different log lengths and diameters, according to the endend-user needs. Logs are unloaded onto a flat table that feeds them to the log unitizing table, which guarantees the individual debarking operation. operation. Improper logs are rejected before getting into the debarker. debarker. After debarking, the logs are classified in different storing boxes or directed to the sawmill inin-feed conveyors. Sturdy equipment, designed for extremely severe conditions, features an excellent performance, high productivity

24

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Chips

Equipment and Machines that must With Investment The DPC drum chipper is a machine especially designed to process fibrous bark, as well as wood residues, which are usually mixed with this kind of material. The machine mainly differs in its innovative construction characteristics, allowing the absorption of a very irregular volume of material, chipping it with high efficiency and productivity rates. The equipment does not offer any resistance to the material infeed thanks to the big compacting roll, that guarantee a continuous operation and a complete complete directed material feed to the shredding process. Exclusive feeding system with a variable height infeed section, allowing great volume absorption; Modern and simple conception which feature standard component operation and maintenance maintenance easiness; AntiAnti-wearing protection at the high wearing areas - guaranteeing longer durability; Knives and countercounter-knife system designed to allow fast changes, avoiding adjustments needs; High mechanical availability; Complete Service Service Support through a technician team; High performance through planned training and afterafter-sale service.

The material to be processed (1) is introduced in the machine through the inin-feed belt (2) through the lower conveyor rolls system (3) and teethed upper compactor roll (4), (4), bringing the materials to the entrance of the machine until the (5). The the rotor (5). articulation of the "hood" of the compactor roll around its shaft shaft allows the opening of the inin-feed section, that varies according to the volume of material to be processed (into the equipment technical technical limits). Through the action of the conveyor rolls, in group of the compactor roll, the material is forced against the rotor, being cut in regular length by the knives (6) and first countercounter-knife (7) to be then classified by the screen (8) and discharged, in the shape of chips. The chip that eventually, eventually, were chipped with size bigger than the standard of the machine will be be rere-chipped by the second countercounter-knife (9) until to reach the acceptable size. The working system above described is flexible, allowing a control of the size of the final product processed, through the alteration in the variable such as, rotor rotation, number of knives, inin-feed speed and screen sieve size. The rotor "hood" (10) and the compactor roll (11) can be easily moved. When they are opened obrigatorily are braked mechanically and are arranged of antidive hydraulic system additional safety. Knife fixation system by clamps clamps (12) and screws, without the utility of wedges and hydraulic "dispositives ". "dispositives". 25

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Chips

Chip Processing DPM forest chipper was developed to chip whole trees, wood edges, edges, branches and roots, for biomass purposes. After processing, the chips are blown into a bucket located located at the chipper back side. When the bucket is full, chips are thrown onto a truck to be transported to the final destination. destination. The chipping process results in a significant volume reduction, making those initially unattractive materials highly profitable. Productivity. Productivity. The chipper is pulled by a farm tractor and driven by its power power taketake-off. The DPM chipper can work continuously due to construtive figures, regardless of whether the tractor is moving or stationary. stationary. Allied to this advantage, the chipper ininfeed system generates a high yielding for this machine type. Durability. Durability. Due to an extremely sturdy and flexible construction (double welded welded beams), a long life time is obtained for this equipment. No extra care with forest roads is necessary, as the machine is able to easily adapt to the field unevenness. The chipper is optionally supplied with a hydraulic brake system and a hydraulic auxiliary compacting system located at the forced inin-feed. The machine can be supplied either with or without bucket.

26

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Chips

Drum Chipper series are extremely simple machines with updated constructive constructive characteristics, in order to considerably increase efficiency and durability. The machines were projected after observing and use several machines in operation. Considering that drum chippers are an equipment initially used in in countries of essentially tropical woods, they were properly projected and the experience proved to be a machine with a very long durability, high versatility and low maintenance.

1 – Rotor 2 - Second CounterCounter-knife 3 – Rotor 4 - Knife Fixing Clamp 5 – Knife 6 - Rotor Fixing Rings Set 7 - Rolls Hood 8 - Conveyor Roll 9 - Roll Hooding Articulation 10 – Screen 11 - CounterCounter-Knife System 12 - Lower Comb 13 - Accelerating Roll 14 - Belt Conveyor Roll 15 - Feeding Belt 16 - Return Roller

27

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Chips

Disc Chipper The DPD disc chipper is projected to process logs and sawmill wastes generating generating highhigh-quality chips for the pulp process.

Slant Disc Chipper The Slant Disc Chipper is an equipment designed mainly for providing providing a better utilization of remainders from lumber mills. Sturdy machine, of simple conception and highly durability. Equipment Equipment with efficient debarking and great productivity. Conversion possibility from mobile machine (interchangeable chassis) chassis) into fixed. Feeding InIn-feed and outlet tables optimizes the feeding operation and log outlet Towed by farming tractor with with feeding crane and driven by the tractors P.T.O. mechanism. Diesel motor can be supplied as an option. Versatility The inin-feed and outlet tables are articulated in order to make machine transportation easier. Optional: hydraulically operated articulation articulation for tables and longer infeed tables for logs up to 6 m length. Fast and free access to the many components of the machine. The only transmission used for the machine comes from the tractor drive (P.T.O.).

28

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Chips

V-Shape Rolls. Rolls. Two roll at, the inin-feed and the outout-feed and, enable the logs to centre and avoid logs from rotating and getting out of line, while being fed through the machine. Rotor The rotor and bearing is manufactured exclusively includes internal internal lubrication by mineral grease, avoiding contamination to the environment. environment. Knives Pressure System Debarking arms adjustable pressure system of the debarking arms by springs with additional help from centrifugal force enables the machine to work with any log diameter without further adjustment. Tables

Original design, manufactured in structural steel, the inin-feed is the key to the automatization of chipping lines, receiving logs from various lenght and diameter. Logs are fed in through a cleft conveyor, driven by a variable speed motor, allowing speed variation according to the volume to be processed. Flat construction construction with very resistant profiles, supplied with chains to transport the logs, activated by a variable speed gear motor that that allows continuous inin-feed and high productivity. Optionally, a waste collecting system can be supplied, in order to eliminate the the manual cleaning operation. An extremely important equipment in the process that guarantees the individual log infeed at the debarker. in debarker. Hydraulically activated, feeds the debarker through a totally automatic pulsating movement that pratically eliminates multiple log inin-feed possibility. Photoelectric sensors optimize the process, providing a continuous continuous and effective operation. A belt or chain conveyor individually receives the logs, directing them to the debarker. debarker. 29

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Chips

Transport Systems The log conveyor is constructed in different stages, being the first first an impact zone with sliding bars or coated rolls, with rubber rings. The logs are conveyed by a high resistant belt to the chipper, passing through a highhigh-pressure log washer. The conveyor has metallic side walls, sprocket rolls and electrical safety switches. Optionally, a metal detector can can be installed in a nonnon-metallic zone. Projected to classify logs in different diameters and/or lengths, the log classifier is built in a modular concept, according to the needed box quantity for each installation. installation. Featuring a sturdy metallic structure, built with tubular profiles, supports a chain conveyor that forewards the logs to the respective boxes, where they are stored by pneumatically activated deviators. The bark is collected by a belt belt conveyor that transports it to a silo, pile or container. A re rechipper may be added to the system, to chip the bark to any desired desired size, for other purposes (substracte (substracte or fuel).Chips are transported between the screen and the pile or silo following international international standards. Belts, screw or pneumatic systems with distinct configurations and applications guarantee the chip transfer transfer at low cost and high productivity. Our application engineering, through a technical working group, is able to project project and adjust a layout for specific situations.

30

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

Premium Wood Chips Paper Eucalyptus Brasil . The analyses had been doing at the Energy Laboratory. For the determination of the moisture content, the stoichiometric method was used. The results are presented in the green base. The granulometry was determined by Method developed in the Energy Laboratory. Ash in wood was determinated by TAPPI T211 Standard and gross and net calorific value by DIN 51900 Standard. Moisture content, ash, gross calorific value and net calorific value in wood. Moisture content 30%

Premium Wood Chips Paper Pinus Brasil

31

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Exports Wood Chips

Wood chips and other lowlow-grade wood wastes are the major type of biomass fuel. Other common common biomass fuel sources are agricultural. WoodWood-chips are cut according to the sizes ordered by the buyers and they they are dishydrated through. Wood residues from pulp and paper manufacturing, lumber mills, and other industrial industrial wood users are frequently used for producing biomass electricity. Hundreds of biomass fuel systems are currently at work work in different parts heating schools, government complexes, and and entire city downtowns, as well as producing renewable electricity. y. electricit Biomass is a renewable fuel that can be sustainably produced. Biomass Biomass fuel is a local product. In contrast to coal or petroleumpetroleumbased fuel, biomass is grown and harvested on local and regional forests and farms. Energy dollars spent on biomass fuel stay in the regional economy, creating jobs and supporting forestry and agriculture. Biomass fuel prices are generally lower and more stable. Wood Chip is readily available and cheaper than mains gas and oil. oil. Wood Chip is a renewable energy source. Wood Chip combustion is carbon neutral. Wood Fuel heating systems can be fully fully automated. Wood Fuel heating systems convert 90% of the fuel into usable heat energy. The South has the most dense woodland woodland in Brazil. 75% of all woodland in the South Brazil is privately privately owned which could lead to alternative revenue sources. Wood chips can be sourced from a range of forest sources, ranging ranging from round wood to forest thinnings. thinnings. Wood greater than 2.5cms in diameter will generally be acceptable as chipping material. rial. The residues from thinning, and the removal of side mate branches (snedding (snedding)) would generally be left in situ for preliminary drying before chipping. The main quality criteria for woodchips are: chip size: only the "fine" (smaller than 30 mm) and "medium" grades (below 50 mm) are suitable for smallsmall-scale installations; water content: this determines the energy content content of the fuel on the one hand and its storability on the other; bulk density: this indicates the weight weight per cubic metre (bulk volume) and depends on wood type, particle shape, degree of compaction and water content. At some stage of the processing the wood chip need to be dried. Different technologies require different moisture contents and these can range range between 15% wb and 45% wb. wb. Freshly harvested green wood can, depending on species, have a moisture content of up to 59%. As a guide, for efficient combustion a woodchip should generally have a moisture content of 25% wet basis. This produces produces a fuel which can be burnt efficiently, is not too dusty and stores without excessive selfself-heating or loss of dry matter. The advantages of wood chip are: • it is cheap, often as cheap as logs and now (June 2006) cheaper than mains gas; • it is a standardised product with Europe wide quality standards in place; • fully automated, highly efficient boiler systems are available; • it can be made from a wide range of raw materials, often sourced sourced locally. 32

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

PROJECT PROJECT WOOD WOOD PELLETS PELLETS

33

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Wood Pellets

Wood Pellets are a form of compacted biomass in order to increase increase the density of the fuel and thus making it more economic to transport over longer distances. Most pellets are made from sawdust sawdust and ground wood chips, which are waste materials from trees used to make furniture, lumber, and other products. Resins and binders (lignin) occurring naturally in the sawdust hold wood wood pellets together, so they usually contain no additives. Other materials, like straw, corn, nut hulls and similar can also also be used to produce pellets, but those are less common. Pellets are cylindrical in form and their typical dimensions are 55-6 mm in diameter and 1515-25 mm in length. Features: 1) Raw material: Pellet fuel is made mainly of sawdust, shavings and fines leftover leftover after processing trees for lumber and other wood products. At a pellet mill the material is dried, compressed, and formed into small small erasereraser-sized bits. They are clean, pleasant smelling and smooth to touch. 2) Working principle: Adopts gear transition and d makes pellets. an The environmental benefits of Wood Pellets: Carbon ReductionReduction-CO2 is taken from the atmosphere by trees during their life which which is released back when burnt or during the natural process of decay. decay. Even allowing for the carbon produced in planting harvesting harvesting sawing and transportation of timber and the manufacture and delivery delivery of pellets, it is estimated that the net reduction in CO2 emissions is 90% better when comparing the use of Wood Pellets to to Fossil Fuels. Wood Pellets are clean. Unlike most other fuels wood pellets are environment clean, when spilt they can be collected collected and used as fuel or compost, when burnt the ash produced can be used in the garden as a fertilizer. Wood is a renewable fuel. fuel. Never removes trees faster from the forest than it is added added to by natural growth, modern plantation methods make it possible to plant and harvest forests within a 30 year cycle.

34

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Wood Pellets

35

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

36

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

37

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

38

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

39

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

40

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

41

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

42

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Wood Pellets

43

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

44

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

AgroPellets

Agricultural biomass Brazil includes animal manure, cellulosic crop crop residues, fruit and vegetable culls and foodfood-processing effluent. Potential energy crops include highhigh-yielding, highhigh-carbohydrate crops such as switchgrass and vegetablevegetable-oil crops such as canola and sunflower, and hydrocarbon plants. Many materials originated by agriculture could be used for production of densified biomass fuels agriagri-pellet: Some of them are straw, grain hull waste, sugar beet waste, waste, pruning, fruit stone, dry fruit waste, cork, grain, cotton, malt and tobacco waste, with obviously, ly, woody residues. Agricultural residues refer to the portion of obvious of plant material that remains after a crop has been harvested and separated. Primary residues are those that are the result of farmfarm-level activities; they include items such as straw, stalks and leaves leaves that are left over after harvest. Secondary residues are those that result result from processing, such as sugar beet pulps, cotton mill wastes, peanut shells, etc. For most crops, and said roughly, primary residues residues are produced in quantities approximately equal in weight to the crop production, and are already used for different purposes (soil conservation, animal feeding and litter, heating). The amount of secondary residues varies widely depending on the crop and processing methods used. used Benefits of the agropellet process: process: Stops the biological degradation of the feedstock and instead puts it to good use (moisture (moisture is decreased by 10 per cent) ) . Increases the heating capability of the biomass with low energy consumption . Increases the energy cent density of the feedstock, feedstock, making handling, handling, storage, storage, transport, transport, and use of solid biofuel much easier. easier. Using the new agropellet technology, technology, all agroagro-forestry wastes can be converted into valuable “agroagro-pellets. pellets.” Once this or similar processes of mechanical drying and compacting reach high levels of acceptance and use, the majority of lowlow-value humid agricultural waste could be converted into a firstrate economic value commodity, with large decrease in CO2 emissions. first emissions. The decrease in emissions is a direct consequence of the biological degradation of the waste. waste. The process consists of grinding humid biomasses such as wastes, wastes, peat and energy crops (crops grown solely for the purpose of energy generation). generation). This grinding process is followed by a highhigh-compression procedure which results in small, dry biomass cylinders (agropellets). agropellets). “What is compelling about this procedure is the fact that humid biomass can now be stabilised using low amounts of energy. energy. In alternative technologies, technologies, moisture is extracted with a great deal of heat (therefore, therefore, energy consumption) consumption) and then pellets are produced by a pressure process. process. In the new process, process, humid biomass is used from the start, and this is a real breakthrough, breakthrough,” said Giuliano Grassi, Grassi, Secretary General of EUBIA 45

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ranking

AgroPellets Brazil Biomass Biomass

Climate

PCI Kcal /kg

Tons per Hect ar

Year crops

KW/year (equivalence)

1 st

SWEET SORGHUM

NO FROST

4.250

30

3

444.767 kw

2 nd

FORAGER SUNFLOWER

COLD, HOT

4.300

28

3

420.000 kw

3 rd

FORAGER SORGHUM

NO FROST

4.100

25

3

357.558 kw

4 th

SUNFLOWER (PULP)

COLD HOT

4.300

20

3

300.000 kw

5 th

CROTALUM SPECTABILIS

COLD, HOT

3.300

24

3

276.279 kw

6 th

MAIZE (PULP)

NO FROST

3.496

18

3

219.516 kw

7 th

FORAGER TARNIP

NO FROST

3.500

13

3

158.721 kw

8 th

BAMBU

HOT

4.543

30

Each 3 years

158.477 kw

9 th

ALFAFA

COLD

3.300

20

2

153.488 kw

10 th

CROTALÁ CROTALÁRIA JUNCEA

COLD

3.300

12

3

138.140 kw

11 th

GUANDÚ GUANDÚ BEANS

NO FROST

3.300

10

3

115.116 kw

12 th

HAIRY PEA

COLD

3.300

10

3

115.116 kw

13 th

NUT

HOT

3.300

10

3

115.116 kw

14 th

SUGAR CANE

HOT

3.700

15 th

KRAKATAU (PANAMA)

HOT

3.700

16 th

MANIOC

NO FROST

3.600

17 th

EUCALIPTUS

COLD

18 th

DENDÊ PALM

19 th

SUGAR CANE BAGASSE

20 th

PINUS

21 st 22 nd

116.163 kw 1

116.163 kw

22

1

92.093 kw

4.633

15

Each 7 years

80.808 kw

HOT

5.200

12

1

72.558 kw

HOT

3.700

16,5

1

70.988 kw

COLD, HOT

4.716

12

Each 7 years

65.805 kw

COCONUT HUT

HOT

5.300

3

1

18.488 kw

BABASSU

HOT

4.525

3

1

15.785 kw

46

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

PROJECT PROJECT BRIQUETTING BRIQUETTING

47

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Plant Briquetting

48

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

49

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

50

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

51

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

52

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

53

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

54

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

55

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

56

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

57

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

58

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

59

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

60

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

61

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

62

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

63

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

64

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Equipment Briquetting

65

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

LOGISTIC LOGISTIC AND AND PORT PORT IMBITUBA IMBITUBA SANTA SANTA CATARINA CATARINA BRAZIL BRAZIL

66

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Port Industrial

Industrial Complex in Wood Chips Santa Catarina is located near the port of Imbituba.

67

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Port Imbituba

The Port of Imbituba is located in coastal southern state of Santa Santa Catarina to about 90 km from the capital Florianopolis. In addition, with two hits paved, one north and one south, the port of Imbituba is connected to the BRBR-101, one of the most important highways of the country, allowing the displacement accessible accessible to all regions of Brazil and the Mercosur countries . The current draft of the port is 9.63 meters with tide average of of 0.50 meters, enough to receive vessels of oil and other cargoes between 35,000 to 40,000 tonnes considering a tide of 1 meter, the draft of Port is 10.13.

68

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Port Imbituba

69

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Port Imbituba

70

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Port Imbituba

71

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Port Imbituba

72

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Port Imbituba

73

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Investment Port Imbituba

74

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

BULK BULK VESSEL VESSEL WOOD WOOD CHIPS CHIPS BUSINESS BUSINESS BRAZIL BRAZIL BIOMASS BIOMASS

75

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ship Wood Chips

76

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ship Wood Chips

77

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ship Wood Chips

78

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ship Wood Chips

79

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ship Wood Chips

80

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ship Wood Chips

81

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Ship Wood Chips

82

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

CREDIT CREDIT CARBON CARBON

83

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Carbon

World energy problems. Consumption of energy dependent on fossil fuels (coal, oil, natural natural gas). Finite reserves of fossil fuels and high prices. The increase in consumption will continue (United States, States, China and India). Serious environmental and economic consequences from the use of fossil fuels and emission of greenhouse greenhouse gases. Kyoto Protocol signed in 1997. Objectives of reducing greenhouse gas emissions. Adoption of common common policies to reduce CO2 emissions Biomass - Renewable Energy. The content of carbon emitted during combustion combustion of biomass was previously captured the atmosphere in a short time period - balance = zero balance. Strategic options of Brazil Biomass and International: Solutions for the supply of fuel from renewable sources, the international international market or the national market for coco-generation of energy. Conversion of liabilities of carbon emissions emissions in assets with economic recovery emissions avoided. Processing of forest biomass for sale to international international customers. Installation of energy crops for production of biomass for commercial purposes and coco-generation of energy. Minimizing the costs of disposal of waste from logging operations and its use as a product. Valuation of property and renewable energy products. Options used by Brazil Biomass and International. Operation in the forest in the area of production and total recovery recovery of wood and forest residues and the valuation policy of social and environmental environmental responsibility. Experimentation, import and adaptation of technologies. Wood chips production of paper and forest biomass. Different types types of biomass for different types of technologies. A product of high quality, certified in Brazil and Europe and used as an industrial industrial source and a product in the form of biomass with the use of forest forest residues for the burning and the generation of energy. Innovation Innovation and integration of technology and operations to optimize the management models of different types of forest residues. Biomass Energy Plants in Brazil and the International : Since inception, the Brazil Biomass and International BMC identified identified bottlenecks in the future commercial supply of biomass waste originated originated from forest and there is a demand and widespread use: Looking for international companies, increasing from Wood chips and biomass and that hardly can be satisfied with waste from forestry operations (tendency to grinding of wood and for increasing increasing prices). Localization assent bit of forest residues. Advantages of Energy crops: Energy crops with lower overall costs of production. Stabilization Stabilization of prices and the pressure on timber and other forest products which currently derive raw material for other other industrial sectors. Increased demand for biomass could be met met with new areas of crops on a large scale. Objectives for 2008/2009 and the Biomass Brazil International: The process with new industrial production units in Rio de Janeiro, Janeiro, Northeast, Sao Paulo, Rio Grande do Sul and Parana. Produce and export to international customers 100,000 tonnes per month of paper Wood chips and pine and eucalyptus of 100,000 tonnes per month month of forest biomass with the waste to the plants for cocogeneration of energy. Capture new energy markets. Start the conversion conversion of consumption of fossil higher price associated with the production of industrial steam. Other technologies in use - gasification and pyrolysis 84

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Credit Carbon

Much of the raw materials we use for biomass comes from forests certified. Sustainable forestry practices and care management plans for economic viability, ecological integrity and social justice. justice. We use 100% of forest production capacity, both for the production production of wood chips or the use of forest residues in the form of biomass. biomass. The general aim is to reduce emissions of the greenhouse effect effect of gases through the establishment of sustainable forest plantations plantations of eucalyptus for industrial purposes and coco-generation of energy. Unlike fossil fuels or nonnon-renewable, energy forests provide a great service environment in that it enables the recycling of CO2. In other words, from the photosynthesis, forests absorb the existing CO2 in the atmosphere, store the carbon in biomass and become a source source of renewable energy. The Biomass Project also has a component for r reducing emissions of methane (CH4). fo The replacement of the array of nonnon-renewable fossil fuels by the burning of renewable biomass reduces reduces the amount of greenhouse gases from human activities emitted into the atmosphere. Within the carbon market, the planting of forests energy may have benefits benefits in two ways, through carbon sequestration done on plant growth and and reduce emissions through the replacement of the energy matrix of fossil fuels by biomass. Our goal is the use of forest residues, residues, which replace the emissions of methane from forest residues and reduce carbon emissions from fossil fuel combustion in the replacement replacement of polluting energy matrix. The sequestration of carbon from from forest plantings energy, is eligible within the Clean Development Development Mechanism - CDM, as activity of Forest / Forestry - A / R (the original English Aforestation / Reforestation), in the case of forests of eucalyptus and pine. The methodology ARAR-AM0005 was approved by the panel of methodologies of the UN Framework Convention for Climate Climate Change. The use of the entire production chain from the tree, even a part part for commerce and energy potential of biomass of forest residues residues in the coco-generation of energy is a practice widely accepted within the CDM CDM and markets volunteers, taking an important role in reducing emissions from fossil fuels recognized and accepted around the world world

85

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Credit Carbon

Reference Design for Reduced Emissions from the Use of Waste Power Power Plant of the Forestry Production of Wood Chips and biomass. biomass. The first project of business that will generate the carbon credit credit involves the plant where Wood Chips used throughout the production production chain for international business. Biomass in the form of wood is provided by owners of the region. The biomass wastes that would be stored in batteries in the open, Decomposing and generating methane methane will be used for industrial process. With the project the wood wood chips are avoiding the generation of methane. Project: Generating renewable energy source, in addition to avoiding avoiding the generation of methane. Reducing emissions (energy): 50,586 TCO2 - Reducing emissions (methane): 247,501 tCO2 Period of obtaining credits: 21 years (3 periods of 7 years) Value tonne of carbon: € 15 - Estimates of Revenue with carbon credits: U.S. $ 12072523.00 Reference Design for Reduced Emissions from Power Generation by Use of Forestry and Waste Biomass Power Plant by the cogeneration of Energy. Energy. The second project of business we are offering to the market and and will be developed by a coco-generation Power Plant Power with the use of forest residues and for the generation generation of electricity. Results in higher project for commercial use of biomass coco-generation of energy in Brazil and one of the largest in the world, world, contributing substantially to sustainable development locally, both in view of mitigation of environmental problems as the current generation of municipal revenue. We have the approval approval of the Carbon Fund of the World Bank, resulting in perspective as a model for generating correct and monitored by certificates of carbon carbon credits. Description of Project: The project consists of replacing replacing the use of waste biomass to renewable (splinter of wood, sawdust, sawdust, etc.). To generate steam and power. Project: Generating renewable energy energy source, in addition to avoiding the generation of methane arising arising from the storage of waste batteries in the open forest. Project: Replacing the consumption of 11,300 tonnes of fossil fuel fuel and biomass to generate energy. Reducing emissions: 32,700 TCO2 - Amount of ton of carbon: € $ 15 The mill will operate providing electricity and heat from the same same fuel, biomass, from the waste of our plant. In addition to supplying supplying much of the energy consumption in the region, the Mill will strengthen strengthen the economy adding value to a product before it was discarded discarded and would undermine the environment. We use the example of Tractebel Tractebel Energy that sells carbon credits of the Office of CoCo-generation Lages, enterprise certified as Clean Development by the United Nations. Nations. The plant generates energy from waste from the logging industry in the region, avoiding the emission of methane gas would would be released with the decomposition of wood and cause the increase of greenhouse effect with the consequent increase in the the destruction of the ozone layer. With that attitude more the company company strengthens its commitment to environmental preservation 86

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

INVESTMENT INVESTMENT CENTER CENTER BIOMASS BIOMASS

87

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

SPE Investments

OPTIONS FOR PROJECT AGGREGATION. To add value to the project business, in addition to participation participation in the industrial unit and the international sale of wood chips the investor will have proportionately shareholder rights on the Carbon Credit Project of Reference for Reduced Emissions from the Use of Waste Power Plant by the Forestry Production Wood chips and biomass. Participation in the PRS Wood Chips is a guarantee the holding of biomass - forest residues and the development of cogeneration Power Plant Power Project and the Credit Reference Reference of Carbon Emissions Reduced from the Power Generation by Use of Forestry and Biomass Waste Mill by the cogeneration cogeneration of Energy. SOCIETY FOR A PARTICULAR PURPOSE. For safety's total investor are formalizing a special purpose company company of which the investor is the shareholder of the Industrial Unit. Our society is being structured in the form of project finance, where the resources of investors are guaranteed by the ability to generate cash in the project and the contract for the sale of wood chips, the right of carbon credits and exploitation of plant cogeneration cogeneration of energy. We must emphasize that the managed system is designed to protect the investor and enhance the return return net of dividends to be generated. Our business is ballast in net cash flows of Shareholder / Investor. METHODS OF EVALUATION. Several methods of deterministic assessment of investments, some some classified as accurate, within the basic principles, and other incomplete, but are still widely used as a supplementary method for many companies because of its ease of calculation. In our project business will be used both methods: Method of Net Present Value (NPV). The method is to bring the present value, discounted the MRI, the the incremental cash flow to be generated. How can it be assessed the NPV is positive, positive, and totally viable our project is viable and becomes the most attractive alternative investment. Method of Internal Rate of Return (IRR). By definition the Internal Rate of Return is the discount rate to which the NPV of the cash flow of the alternative in question is invalid. The project project IRR of our business is return on capital invested. EVALUATION OF ALTERNATIVE INVESTMENT. In the project's industrial unit of wood chips, the TMA is above above 18% per annum and is the average of the rates of longlong-term. Data presented on the next page show that the plant is totally totally feasible. In addition to the right of carbon credits and the rights of exploration exploration and development of a cogeneration units of energy with the use of forest residues. The table summary of the investments will be made after expressions of interest from the company. The project finance unit of industrial wood chips is a type of financing financing in which the obligations are honored by the cash flow of the project, serving as collateral assets and receivables of the project itself. 88

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.




INVESTORS




KIND OF PARTNERSHIP




FINANCING




FORM OF RETURN




MONTHLY PAYMENT




VALUE




USD 10.000.000,00




PERIOD CONTRACT




36 MONTHY




VPL




USD 18.073.000,00




TIR




21,00%

The contract guarantees that we provide to the investor: (a) Equity Contribution Agreement for Financial Support of sponsors (Sponsors Support Agreement) commitment to contribute to shareholder equity by the investor integrating themselves into society society for the specific purpose of fulfilling the obligations of the company with the loan for financial security to pay the costs of the first shipments of wood chips (cost overrun). Using its trading trading it will operate the project financially international wood chips to advance financial and ACC and to monetize a letter of credit to the security of the supply and industrial. (b) Termination Undertaking (also called completion undertaking) --- commitment to completing the design of the first shipments of wood chips, and (and) agreements on distribution of dividends to the security of financial return. (c) The shareholder investor will have the security and the participation participation of 20% of the shares of SPE throughout the duration time of of the contract. Has the business a fee of 20% of operating profit for the entire duration of the export. But where should the owner owner of the vessel to the chartering of the ship at cost, it will have have a monthly dividend of 20% of operating profit. The operation of investments can be developed in advance of an operation to exchange exchange contract or letter of credit with Bank Guarantees of the first row.

89

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A. Contract Exports Biomass Wood Chips International CMO 2008/2009 Italy

Wood Chips

350.000 /ton

Turky

Wood Chips

400.000 /ton

China

Wood Chips

1.200.000 /ton

Hong Kong

Wood Chips

150.000 /ton

USA

Wood Chips

216.000 /ton

Germany

Wood Chips

240.000 /ton

High demand: Attend the external and internal demand. Seeks of partnerships for implant the project: Strategic planning, technical capacity, know how and commercial contacts. We provide direct investment and help in locating matching grants grants and investments for startstart-ups or expanding companies. Our funding supports promising technologies at the early stages of development development presenting too great a risk for private capital sources. sources. Partners investors: Financial resources and strategic factors for boost the business. business.

90

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Business Biomass

The progress has been made, the 2010 target of 21 % renewable electricity electricity for EU corresponding to 22.1 % for EU15 will not be achieved under current policies and measures. Instead, currently implemented policies will probably result in a share of between 18 % and 19 % in 2010. It has been identified that the main reason reason why the target is not being achieved is because the production of electricity from biomass has not been as high as initially initially foreseen. The United Kingdom is seeking to reduce its carbon footprint to meet its obligations under both the European Union (EU) and the Kyoto Protocol. The EU has set a goal of reducing energy consumption consumption in its member states by 20 percent. It also intends to have biofuels make up 10 percent of all transportation fuels by 2020. Under the Kyoto Protocol, the country has agreed to reduce its 1990 carbon emissions by 12.5 percent by 2012, and it is on track to meet that goal. Imports will continue to be an important part of the strategy, especially for transport fuels and and biomass cofired with wood chips for electricity production. Currently, the UK imports the equivalent of 54 terawattterawatt-hours of biomass for energy production. This is more than half of of the country’ ’ s potential biomass production under the biomass strategy. Imports ts of biomass and biofuels are expected to increase. country Impor

The principal economic advantage of Center Biomass Brazil is that that their fuel is considerably less expensive than competing fuels. This means that woodwood-chip systems offer greater security from future fuel price shocks. Also, as a locally produced, renewable fuel, wood chips can offer both environmental and local economic benefits that other fuels cannot match. More details visit our corporate web site www.internationalrenewablesnergy.com or see our international staff, the business of biomass. Brazil Biomass and Renewable Energy – SPE Wood Chips SCSC-SP Brazil 570, Candido Hartmann, 24 – 243 Champagnat Curitiba Paraná Paraná Phone 55 41 33352284 and 55 41 88630864 Skype CelsoOliveira1 or celso.marcelo.de.oliveira [email protected] and e-mail [email protected] [email protected] 91

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

INDUSTRIAL INDUSTRIAL WOOD WOOD CHIPS CHIPS PAPER PAPER BRAZIL BRAZIL BIOMASS BIOMASS

92

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Biomass Wood Chips

Biomass fuel comes from a renewable, sustainable resource base. Fossil fuels will eventually run out, but with proper forestry practices, the biomass resource base can be sustained indefinitely. indefinitely. Biomass Wood Chips prices have been stable historically and are not directly linked to national or global energy markets. Biomass fuels can be expected to increase in price more slowly than competing fuels. Over the last 1515-20 years biomass prices have stayed level. Biomass Wood Chips systems are often capable of giving higher levels levels of comfort at a lower energy cost. Because biomass fuels are very inexpensive, many building owners feel they they can now afford comfortable building temperatures in winter weather. With higherpriced conventional fuels, owners often reduce temperatures or reduce higher reduce ventilation to save money. Future energy taxes, such as a carbon tax or a Btu tax, are less likely to impact the price of biomass fuels compared to fossil fuels. In national policy discussions, energy taxes generally give preference to renewable, locally supplied fuels that do not lead to global warming. Biomass has a negligible sulfur content, so its combustion does not contribute to the atmospheric buildup of oxides of sulfur (SOx), a cause of acid rain. When biomass is burned for energy, using wood from sustainable forestry practices, there is no net increase in the greenhouse gases that cause climate change when biomass replaces fossil fuels, there is a net reduction in greenhouse gas emissions.

93

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

FOREST FOREST EUCALYPTUS EUCALYPTUS BRAZIL BIOMASS BRAZIL BIOMASS

94

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

95

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

96

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

97

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

98

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

99

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

100

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

101

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Forest Eucalyptus

102

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

INDUSTRIAL INDUSTRIAL WOOD WOOD CHIPS CHIPS BRAZIL BRAZIL BIOMASS BIOMASS

103

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

104

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

105

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

106

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

107

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

108

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

109

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

110

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

111

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

112

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

113

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

114

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

115

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

116

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Industrial Wood Chips

117

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

PREMIUM PREMIUM WOOD WOOD CHIPS CHIPS BRAZIL BIOMASS BRAZIL BIOMASS

118

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

119

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

120

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

121

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

122

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

123

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

124

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

125

BRASIL BIOMASSA E ENERGIA RENOVÁVEL S.A.

Premium Wood Chips

126