Exhibit 21.1
| List of Subsidiaries of Suzano S.A. | ||
| Subsidiaries | Country of Incorporation | |
| BEM AGRO INTEGRAÇÃO E DESENVOLVIMENTO S.A. | BRAZIL | |
| BIOMAS – SERVIÇOS AMBIENTAIS, RESTAURAÇÃO E CARBONO LTDA | BRAZIL | |
| CELLUFORCE INC. | CANADA | |
| ENSYN CORPORATION | U.S. | |
| F&E TECHNOLOGIES, LLC | U.S. | |
| F&E TECNOLOGIA DO BRASIL S.A. | BRAZIL | |
| FIBRIA CELULOSE (U.S.A.), INC. | U.S. | |
| FIBRIA TERMINAL DE CELULOSE DE SANTOS SPE S.A. | BRAZIL | |
| FUTURAGENE DELAWARE INC. | U.S. | |
| FUTURAGENE INC. | U.S. | |
| FUTURAGENE ISRAEL LTD. | ISRAEL | |
| FUTURAGENE LTD | ENGLAND | |
| IBEMA COMPANHIA BRASILEIRA DE PAPEL | BRAZIL | |
| ITACEL – TERMINAL DE CELULOSE DE ITAQUI S.A. | BRAZIL | |
| LENZING | AUSTRIA | |
| MAXCEL EMPREENDIMENTOS E PARTICIPAÇÕES S.A. | BRAZIL | |
| MUCURI ENERGÉTICA S.A. | BRAZIL | |
| NFINITE NANOTECHNOLOGY INC. | CANADA | |
| PAINEIRAS LOGÍSTICA E TRANSPORTES LTDA. | BRAZIL | |
| PORTOCEL – TERMINAL ESPECIALIZADO DE BARRA DO RIACHO S.A. | BRAZIL | |
| PROJETOS ESPECIAIS E INVESTIMENTOS LTDA. | BRAZIL | |
| SFBC PARTICIPAÇÕES LTDA. | BRAZIL | |
| SIMPLIFYBER | U.S. | |
| SPINNOVA PLC | FINLAND | |
| STENFAR S.A. INDUSTRIAL COMERCIAL IMPORTADORA Y EXPORTADORA | ARGENTINA | |
| SUZANO AUSTRIA GMBH | AUSTRIA | |
| SUZANO CANADA INC. | CANADA | |
| SUZANO ECUADOR S.A.S | EQUADOR | |
| SUZANO FINLAND OY | FINLAND | |
| SUZANO INTERNATIONAL FINANCE B.V. | NETHERLANDS | |
| SUZANO INTERNATIONAL HOLDING B.V. | NETHERLANDS | |
| SUZANO INTERNATIONAL TRADE GMBH | AUSTRIA | |
| SUZANO MATERIAL TECHNOLOGY DEVELOPMENT LTD. | SHANGHAI | |
| SUZANO NETHERLANDS B.V. | NETHERLANDS | |
| SUZANO OPERAÇÕES FLORESTAIS E INDUSTRIAIS S.A. | BRAZIL | |
| SUZANO PACKAGING LLC | U.S. | |
| SUZANO PULP AND PAPER AMERICA, INC. | U.S. | |
| SUZANO PULP AND PAPER EUROPE S.A. | SWITZERLAND | |
| SUZANO SHANGHAI LTD. | CHINA | |
| SUZANO SHANGHAI TRADING LTD. | CHINA | |
| SUZANO SINGAPORE PTE. LTD. | SINGAPORE | |
| SUZANO TRADING INTERNATIONAL KFT | HUNGARY | |
| SUZANO VENTURES LLC | U.S. | |
| VERACEL CELULOSE S.A. | BRAZIL | |
| WOODSPIN | FINLAND | |