Foresta's plan is no fairy tale

Foresta will continue fund raising to make its Kawerau plant a reality. (Image: DepositPhotos)

Fri, 29 Aug 2025

Foresta has reported a loss of A$3.4 million (NZ$3.8m) for the June 30, 2025 year, as it works towards building a biofuels plant in Kawerau under New Zealand’s fast track rules.It is a marked improvement on last year when the company reported an A$9.7m loss. Much of the 2024 loss came from A$6.6m of impaired assets related to earlier abandoned operations in Australia.The Australian Securities Exchange (ASX) company needs to keep raising funds until the pine chemical and torrefied wood pellet plant in Kawerau is built, operating and genera...

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