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Ence Energía y Celulosa, S.A., founded in 1957 and headquartered in Madrid, Spain, specializes in the production of eucalyptus hardwood pulp and renewable energy. The company operates pulp mills in Pontevedra and Navia, manufacturing bleached eucalyptus kraft pulp, and manages over 66,000 hectares of timberland in Spain. Through its subsidiary, Magnon Green Energy, Ence generates renewable energy from forestry and agricultural biomass, with power plants located in Huelva, Mérida, Ciudad Real, Jaén, and Lucena. In recent years, Ence has diversified into producing specialty pulps, such as fluff pulp for hygiene products, and has expanded into biogas and biofertilizer production. The company's strategic focus on sustainability and the circular economy underpins its operations and growth initiatives. (,,)

BHP Group Limited is a global resources company primarily involved in the exploration, production, and processing of minerals. The company operates in the natural resources industry, with significant activities in iron ore, metallurgical coal, and copper mining. BHP's operations are geographically diverse, with major assets located in Australia, North America, and South America. Its headquarters are situated in Melbourne, Australia. The company has a strategic focus on sustainable mining practices and technological innovation to enhance productivity and environmental stewardship. BHP's competitive strengths include its scale of operations, diversified asset portfolio, and strong supply chain network.