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The wood industry is an essential part of the economy of some regions in Brazil. Although the excess of wood residue is an environmental concern, it is also an alternative source for electricity generation. This allows for compliance with current legislation to minimize environmental impacts such as strategies to control the emission of pollutants and the decarbonization in the wood exploration activity. Despite this, the thermoelectric plants based on wood residues face problems associated with the low efficiency in generation due to the high moisture content of the residues, and challenges related to transport and storage. In this sense, this work is to evaluate the application of a self-sustainable briquetting plant as an alternative for solving the problems associated with the high moisture content, transport, and storage of wood residues. The aspects related to the construction of the briquetting plant and economic indicators associated with the economic feasibility, such as, the estimation of the net present value over the project lifecycle, internal rate of return and pay-back period, are also presented and discussed. The results demonstrated the feasibility of the plant mainly due to the better energy/volume ratio of the briquette (drying and compaction) and the transportation cost savings associated to the density of the compacted material. [ABSTRACT FROM AUTHOR]