Large scale production and commercialisation of hydrogen fuel cells has been given a boost by a joint venture between two of the world’s biggest commercial vehicle manufacturers – Daimler Truck AG and Volvo Group have announced they have signed a preliminary non-binding agreement to establish the new joint venture. The intention is to develop, produce and[…]
Efforts to rebuild a stronger export economy will be short-lived if the country doesn’t start addressing the cost of unfair trade practices by China, wood and steel processors say. A surge in export log prices – driven by demand from China – is part of a recurring issue that successive governments have failed to address, said[…]
New generation of dry sorting: SPRINGER and SCA continue successful partnership With its latest major order, the Swedish SCA Group has again proved that it trusts SPRINGER’s pioneering state-of-the-art technology and innovative product solutions. The Austrian family-owned business is designing and constructing a new, innovative and high-performance dry sorting plant for SCA Bollsta. Tailor-made automatization[…]
Rayonier Inc. completes the acquisition of Pope Resources, A Delaware Limited Partnership. Unitholders of Pope Resources approved the transaction at a special meeting of unitholders held on May 5, 2020. “The completion of this transaction significantly expands and enhances our Pacific Northwest timberland and real estate portfolio,” said David Nunes, President and CEO of Rayonier. “It further[…]
International forestry investment manager New Forests announced the extension of its flagship forestry fund, the Australia New Zealand Forest Fund (ANZFF). Originally launched in 2010 as a 10-year, closed-end fund, ANZFF was converted into an extended long-term vehicle by agreement of the institutional investors in the fund. The extension includes a series of 12-year renewals, commencing 1[…]
Utility company FortisBC will purchase wood waste-derived renewable natural gas (RNG) from REN Energy International through a new partnership. The project features technology being used for the first time in the US and represents ‘exciting new opportunities’ to reduce emissions using British Columbia’s (BC) expansive forestry sector, according to FortisBC. The production facility will be[…]
Drax has launched a Biomass Carbon Calculator to help the industry accurately measure emissions in the biomass supply chain. The new tool will allow the sector to identify where emissions reductions can be made and help to make a greater contribution to tackling climate change, according to Drax. The company is seeking views from a[…]
OneFortyOne New Zealand (formerly Nelson Forests) to recommence business activities in its forest estate and Kaituna sawmill in New Zealand. OneFortyOne Executive General Manager Lees Seymour said: “Whilst the country was at Alert Level 4 we were able to pay the team’s full salary and the wage subsidy did help us achieve that. We are[…]
Gruen-Wald Laminates is investing in a new radio frequency (RF) generator and 24′ long curing tunnel for its fingerjoint line at its plant in Tea, SD. This is the second tunnel at the plant, and the new equipment will provide increased capacity. The equipment is scheduled to be installed in Q3 of this year. Gruen-Wald produces[…]
Given the small surge last week, North American softwood lumber prices have bounced from lows of two weeks ago. Whether they will remain there in the short term, or if restricted supply will drive another surge upward, remains to be seen. The upheavals of the past month or two are far from over, states Madison’s Lumber[…]