Curated News
By: NewsRamp Editorial Staff
April 04, 2024
Foresta Group Holdings Innovating with Pine for Sustainable Future
Discuss on RedditTLDR
- Foresta Group Holdings Ltd innovates with pine, gaining advantage in sustainable products and coal replacement market.
- The company uses pine to extract resins and terpenes, then converts spent wood into torrefied wood pellets.
- Foresta Group's sustainable approach with pine contributes to environmental benefits and offers sustainable alternatives in various industries.
- The company plans to commence construction on the new site in late 2024, aiming for production by the end of the following year.
Impact - Why it Matters
The innovative approach of Foresta Group Holdings to extract valuable resources from pine and convert spent wood into torrefied wood pellets is a significant step towards sustainability, especially in addressing the demand for sustainable alternatives in various industries, including energy. This news highlights the company's commitment to a sustainable future and its potential impact on the environment and the energy industry.
Summary
Foresta Group Holdings Ltd (ASX:FGH) focuses on sustainability and profitable operations through the innovative use of pine resources in New Zealand. The company extracts valuable resins and terpenes from pine, converting spent wood into torrefied wood pellets. Their recent development of securing a 9.6-hectare site for manufacturing underscores the sustainability of using non-native, farmed pine which absorbs carbon, contributing to environmental benefits. The company operates across three markets: flavours and fragrances from terpenes, resin-based products like adhesives and chewing gum, and black pellets as a coal replacement, particularly in New Zealand, where coal will be banned by 2037.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Foresta Group Holdings Innovating with Pine for Sustainable Future
