Exhibit 8.1

List of Subsidiaries of Suzano S.A.

Subsidiaries						Country of Incorporation
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 OVERSEAS FINANCE LTD						CAYMAN ISLANDS
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
MAXCEL EMPREENDIMENTOS E PARTICIPAÇÕES S.A.						BRAZIL
MUCURI ENERGÉTICA S.A.						BRAZIL
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
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 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

[AM_ACTIVE 403887519_1]