Kawerau plant's fast-track status a boost for Foresta

Foresta could add local processing capacity to NZ's forestry industry. (Image: DepositPhotos)

Fri, 31 Jan 2025

Foresta’s plans to build a biofuels and pine chemicals plant in Kawerau appear to be on track for now after raising more finance and making it onto the list of fast-track projects.The future of the Australian Securities Exchange-listed (ASX) company depends on getting the plant built and put into production. Recent positive news has followed several setbacks, including an industrial accident in Australia, concerns about Foresta’s ongoing viability, and turmoil in its management and boardroom.Despite being a listed company,...

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