Overview:ERB - Energias Renováveis do Brasil is an enterprise controlled by the Rioforte Investments (Espirito Santo Group), Fundo de Garantia do Tempo de Serviço - FI-FGTS, (administered by Caixa Econômica Federal) BNDESPAR (a joint stock corporation, constituted as wholly-owned subsidiary of the BNDES - Banco Nacional de Desenvolvimento Econômico e Social) and Fundo de Investimentos em Participações Caixa Ambiental - FIP Caixa Ambiental (administered by Mantiq Investments). The main objective is to produce renewable biomass based energy.
The company’s business includes the investment, construction, and operation of energy cogeneration units as well as the production of the biomass to fuel them. The supply of steam and/or power to industrial clients is based on long term contracts. The biomass to be used (eucalyptus, elephant grass or others), the technology to convert biomass to energy and the characteristics of the cogeneration units are tailor-made according to each client’s needs and local conditions (energy demand profile, location, soil, weather, logistics etc).