Foresta to raise just over A$1 million

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Tue, 14 May 2024

Foresta Group Holdings says it has “strong interest and firm commitments” from investors to raise just over A$1 million (NZ$1.09m).The Australian securities exchange-listed (ASX) company is planning to build New Zealand’s first industrial-scale plant to make biomass fuels to replace coal.It’s signed a 30-year, with a 20-year right of renewal, for a 9.6ha property with Putauaki Trust and plans to invest $300m in building the plant, which will employ more than 100 workers at full production.Foresta also recently inked a 10...

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