Started in 2007, ETH Bioenergia works with the production, sales and logistics of ethanol, electric energy and sugar. In the same year, ETH acquired the Alcídia Unit, in Teodoro Sampaio, São Paulo. In 2008, the Eldorado Unit, located in Rio Brilhante, Mato Grosso do Sul, was also incorporated. In the 2008/09 harvest, the company produced 200 million liters of ethanol and 130 million tons of sugar.

ETH is a company of Organização Odebrecht, with 33% shares held by the Japanese company Sojitz Corporation, a multinational that sells commodities.