Weyerhaeuser Company (NYSE: WY) recently announced the completion of the sale of its Cellulose Fibers pulp mills to International Paper for $2.2 billion in cash. Weyerhaeuser expects to use a substantial portion of the $1.6 billion after-tax proceeds for repayment of debt. The sale, which was announced in May 2016, includes five pulp mills located[…]
This world first for the forestry sector from full-liner Doppstadt performs two recycling tasks in a single process: this combined machine, comprising a DW 3060 type F single-shaft shredder and a matching selector, shreds old wood, green waste and sorted wood waste and then screens them to the required fraction size. The material fed in[…]
Fassi, one of the world’s largest manufacturers of cranes for trucks, becomes the majority owner of the Cranab group with the subsidiaries; Vimek, Bracke Forest and Slagkraft, through the acquisition of Z-forestab´s ownership stake in the company. Z-forestab, a jointly owned company by Inlandsinnovation, Mittkapital and Ekonord, has agreed to sell its stake in Cranab[…]
Bandit Industries has hired John Mocny to serve as the company’s chief executive officer. Mocny joined the Bandit team in February 2016, bringing decades of engineering and management experience from previous leadership roles with General Motors and Caterpillar. Mocny holds a Bachelor of Science degree in mechanical engineering from Michigan State University, and a Master[…]
A biomass power plant has been added to an existing geothermal plant in Italy, creating what may be the world’s first hybrid power system featuring the two technologies. Developer Enel Green Power has announced that construction has been completed on the 5 MW biomass plant, which will be used to heat geothermal steam at the company’s existing 5 MW[…]
Wood fibre prices worldwide have been rising steadily for the past six years, reaching record levels in 2Q/08. Expanding demand for renewable energy may potentially drive prices even higher in many countries in the near future, according to Håkan Ekström, president of Wood Resources International. Since 2002, global average prices for pulpwood have risen 67%[…]
MagForestry recently commissioned wood chip plant located in the port of Pointe-Noire, Republic of Congo is operating successfully (IFI, February 2008, pp32-35). Production has achieved a target rate of about 2,000 t/d of eucalyptus chips with total production to date of approximately 70,000 t. The annual production target is 500,000 t of wood chips. De-barked[…]
A newly FSC certified company in the USA is recycling old raft logs – so called boomsticks – into a host of fine lumber products. The company expects to sell much of its product line to developers and builders involved in the environmentally sensitive US construction industry. Columbia Riverwood received FSC chain of custody certification[…]
Chilean forestry and paper company CMPC SA CAR.SN plans to invest around $340 million in 2008, and will scale back investment in coming years due to energy shortages, according to a Reuters report. “We are coming down from an average of more than $500 million (in annual investment) because we are coming out of a[…]
CONSOL Energy’s, the largest producer of high-Btu bituminous coal in the USA, Fola Coal Co Surface Mine 6 in Bickmore, West Virginia, has been presented with the Appalachian Regional Reforestation Initiative’s Excellence in Forestry Award for 2007. The award, presented by the US Office of Surface Mining (OSM), on behalf of the Appalachian Regional Reforestation[…]