Foresta Group Holdings innovating with pine for sustainable future
April 04, 2024 at 11:34 am EDT
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Foresta Group Holdings Ltd (ASX:FGH) CEO Ray Mountfort tells Proactive's Steve Darling the company focuses on sustainability and profitable operations through the innovative use of pine resources in New Zealand. With 1.7 million hectares of pine plantations yielding 33 million tonnes annually, the company extracts valuable resins and terpenes from pine, converting spent wood into torrefied wood pellets.
A recent development includes securing a 9.6-hectare site for manufacturing, underscoring 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.
Foresta Group's approach not only leverages the multifunctionality of pine but also addresses the demand for sustainable alternatives in various industries, including energy. With solid off-take agreements and a focus on chemical verticals initially, the company plans to commence construction on the new site in late 2024, aiming for production by the end of the following year.
Contact Details
Proactive Australia Pty Ltd
Proactive Australia Pty Ltd
+61 431 597 771
writers.australia@proactiveinvestors.com
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Foresta Group Holdings Limited is an Australia-based company engaged in supplying natural and renewable pine chemicals and biomass pellets. The Company has developed a proprietary process to naturally extract pine chemicals by employing the treeâs own solvent chemicals to extract rosin and terpenes. These products are commonly used in industrial manufacturing and are a key input to everyday end products. These products include adhesives, gum, inks, paint, car tires and perfume.
FORESTA GROUP HOLDING LIMITED 
