Primary Sector

$160m biorefinery to boost forestry value chain

Gavin Evans
Fri, 09 Oct 2020

$160m biorefinery to boost forestry value chain

Gavin Evans
Fri, 09 Oct 2020

A venture pushing to develop a $160 million biorefinery near Gisborne believes the project can help fill a long-standing gap in the country’s forestry research sector.Futurity Bio-Ventures has licensed two international technologies for the plant it aims to have operating in 2025. It would convert forestry waste and processing residues into wood-based chemicals for everything from paints to packaging and concrete.The company has raised $1.5 million to date to fund research into five products for a range of potential end-users it has been...

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