Paper Vision (www**insight.NET) news: Suzano Ventures has invested up to $6.7 million in British battery manufacturing start-up Allotrope Energy. This is the first investment by Suzano, the world's largest producer of hardwood pulp, after launching a $70 million corporate venture capital last year**.
Allotrope Energy is a developer of flexible, high-rate carbon technology that enables the development of a new range of ultra-fast charging lithium-carbon and lithium-ion capacitor batteries. These batteries have the potential to transform a range of industries, from mobile to aerospace and robotics. These batteries can be fully charged in the amount of time it takes to fuel a vehicle similar to an internal combustion engine without the safety hazards associated with other lithium-ion technologies.
Allotrope Energy's battery technology can use carbon extracted from Suzano's own production process, a rich biomaterial that is a by-product of making pulp from sustainably sourced wood. In addition to ultra-fast charging batteries, they do not require the use of materials such as cobalt, nickel, and rare earth metals, as the shortage of these materials has been affecting the global ** chain and increasing costs.
In addition to investing in and ** biomaterials, Suzano and Allotrope Energy will enter into a broader partnership agreement. Under the agreement, Suzano's teams in Brazil and Canada will support the innovation and commercialization of the technology and develop a global ** chain and market for batteries.