Suzano Takes 10% of a New Port Project in Espírito Santo
Brazil · INDUSTRY
Key Facts
- —Stake Suzano takes 10% in Imetame Logística Porto S.A.
- —Payment Land contribution, no cash disclosed.
- —Location Greenfield port at Aracruz, Espírito Santo.
- —Existing Suzano holds 51% of Portocel, Cenibra 49%.
- —Portocel Handles pulp, vehicles, granite, steel, salt, project cargoes.
The world’s largest market pulp producer is trading land for a slice of a new port on Brazil’s south-eastern coast.
Suzano, the world’s largest producer of market pulp, is taking a 10% stake in a new port project in Espírito Santo. The agreement, announced on 31 August 2026, involves a contribution of land rather than cash.
Suzano’s New Port Stake
Suzano will hold 10% of Imetame Logística Porto S.A., the company behind the project. The seller is Grupo Imetame, through Imetame Logística Porto S.A.
Instead of paying cash, Suzano is contributing land. No cash price was disclosed.
A Greenfield Project in Aracruz
The project is a greenfield port at Aracruz, in the state of Espírito Santo. Greenfield means built from nothing on a new site, not expanding an existing facility.
Espírito Santo sits on Brazil’s south-eastern coast, north of Rio de Janeiro state. This location gives the port access to key shipping routes.
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Separate From Portocel
This new stake is separate from Portocel, where Suzano already holds a 51% direct stake. Cenibra holds the remaining 49% of Portocel.
Portocel, formally the Terminal Especializado de Barra do Riacho, is a private port terminal at Barra do Riacho in Aracruz. It specialises in pulp and has become multipurpose.
Portocel’s Current Operations
Portocel now handles mainly pulp, plus vehicles, granite, steel products, salt and project cargoes. It has berths for ships and barges and integrated road, rail and barge logistics.
Therefore, Portocel serves a variety of industries beyond pulp. This multipurpose approach helps maximise the terminal’s use.
Suzano’s Global Position
Suzano is the world’s largest producer of market pulp, the raw material for paper and tissue. This new port stake could support its export logistics.
However, the company did not disclose how the new port will be used. In fact, no operational details were provided.
Strategic Land Contribution
By contributing land, Suzano avoids spending cash upfront. This approach aligns with its asset-heavy business.
Meanwhile, Grupo Imetame gains a strategic partner. The partnership may bring expertise in pulp logistics.
Implications for Espírito Santo
The new port could boost local infrastructure and trade. Espírito Santo already hosts Portocel, a major terminal.
As a result, the state may see increased port activity. Still, the project’s timeline remains unknown.
No Cash Value Disclosed
The agreement does not include a cash price. Instead, the value lies in the land contribution.
For now, financial details are scarce. Overall, the deal appears to be a land-for-equity swap.
Looking Ahead
Suzano’s 10% stake marks a modest entry into a new port venture. Since the project is greenfield, construction may take time.
Despite that, the move shows Suzano’s interest in expanding its port footprint. After all, it already has a major stake in Portocel.
Frequently Asked Questions
What is Suzano’s role in the new port project?
Suzano is taking a 10% stake in Imetame Logística Porto S.A. The company contributes land instead of cash.
Where is the new port located?
The greenfield port is at Aracruz, in the state of Espírito Santo. This is on Brazil’s south-eastern coast.
How does this relate to Portocel?
This stake is separate from Portocel, where Suzano holds 51%. Cenibra owns the remaining 49% of Portocel.
What does Portocel handle?
Portocel handles mainly pulp, plus vehicles, granite, steel products, salt and project cargoes. It has berths for ships and barges.
Connected Coverage
Sources: Brazilian business press; company announcements.
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