Ethos Asset Management Inc. USA Announces Deal in Brazil with Deinve Participações Ltda to Build a Wood Pellets Factory in Rio Grande do Sul

Partnership Provides Long Term Financing to Deinve, to build the Wood Pellets Factory to be headquartered in the city of São Francisco de Paula, Rio Grande do Sul, Brazil. The company has acquired an area of 46,400m² for the installation of the enterprise.

SAN DIEGO--(BUSINESS WIRE)--ETHOS ASSET MANAGEMENT INC USA announced a new long-term financing partnership with Deinve Participações Ltda, a Brazilian investment company. Ethos and Deinve have been working together closely in recent months structuring the overall investment with an initial capital infusion of $4 million USD, that will continue for several years.

Carlos Santos, President, and CEO of Ethos, stated, “We are delighted to be partnering and supporting such an important and innovative project in Brazil, where we have a significant number of investments already. We were very pleased and impressed to meet the diligent and innovative entrepreneur, Mr. Wagner Walter, and are honoured to be working alongside Mr. Walter in a unique and important project to be sited in Rio Grande do Sul, Brazil. Given that the abundantly available sawdust in the region is the key raw material for the production of wood pellets, Deinve has an ambitious plan to serve the internal and external market. Deinve’s products will follow high quality standards, namely, European standards such as ISO17225-2EN Plus, which in turn will increase the product's competitive edge to consumers. Initially, three 'pelletizers' will be installed, generating a total production volume of 12 tonnes per hour of pellets. Ethos is proud to be part of this project and installation for the local people and local businesses who will benefit from the construction phases and employment opportunities for the long term.”

Wagner Walter, CEO, Deinve Participações Ltda, said, “We are excited about the Ethos partnership. The fact that Deinve was the first company in Brazil to formalize this operation with Ethos made the challenge even greater, as we had to learn the entire process, from the project presentation to the search for the documents requested throughout the process. Other international fundraising processes are really something quite laborious. These resources made available by Ethos will allow us to carry out this impressive project, 'Madepelt Industria de Pellets.' An innovative and sustainable project, which will bring great benefits to society and the environment. On behalf of Deinve, we would like to thank Carlos Santos and his entire team, who guided and guided us so that we could reach the end of the process. Thank you very much!”

Mayra Fonseca Couto, Ethos Executive Director, South America, said, “We are innovative in the way we invest, and we seek projects that also bring innovation and development to their respective markets. The partnership with Deinve makes us pleased because it increases our Brazilian market participation and allows us to foster business activity that will bring direct and indirect social and economic benefits to the region.

"Mr. Walter's transforming initiative reflected in Deinve's bold Project will contribute to regional development, attracting new investments in the surrounding area, generating jobs, income for the local population, and serving as an example and stimulus of entrepreneurship for future generations. We are honoured to be able to be a part of this."

About Ethos Asset Management:

Ethos Asset Management (Ethos) is an independent, US-based company with a global reach in resource mobilization and project financing.

For more information about Ethos Asset Management, please visit https://www.ethosasset.com/.

About Deinve Participações Ltda:

Deinve Participações is a Brazilian company, headquartered in Florianópolis - SC, which emerged from the union of 3 entrepreneurs with well-defined objectives. Participating in exclusively sustainable projects. The environment and society will always benefit.

For more information about Deinve, please visit: https://www.deinve.com.br