Historically, timber acreage has appreciated at a rate that outpaces inflation in the US. This has made many who expect a coming bout of inflation to invest in timber acreage. Lately just like most other commodities and natural resources timber prices have come under pressure. Source:
Architects and designers will be gathering in Singapore from June 14-17 2012 for the American Hardwood Export Council (AHEC) Southeast Asia and Greater China Convention. Source: Timberbiz
Following the CSIRO’s decision to pay $10,000 membership to the Australian Forest Products Association it has conceded that it suffers from a policy gap when it comes to its relationships with industry groups and it now conducting a review to address this. Sources: ABC Radio and Radio
More than 10,000 hectares of mallee eucalypt trees are being planted as part of one of the largest carbon forestry projects in Australia. Sources: Timberbiz, Stock Journal
Lend Lease will construct the first high-rise building using Cross Laminated Timber (CLT) in Australia at Docklands in Melbourne. The project is due for completion in October 2012 and the company aims to develop 30-50 per cent of its apartments using CLT. Source: Timberbiz
The Tasmanian Government has confirmed that Forestry Tasmania (FT), in partnership with the private sector, is sending a small quantity of export peeler quality blackwood logs to China. Source: Timberbiz
Global investment in biomass power generation will total $104 billion in 2021 according to Pike Research. This is just one aspect that will be discussed at the Bioenergy Finance Forum to be run in September this year. Sources: Ecoseed, Pike Research
Hawaii Electric Light is to buy Hu Honua Bioenergy. Hu Honua is converting the old Hilo Coast Power Co. facility at the Pepeekeo Sugar Mill into an electric generation facility that will be powered by locally grown biomass such as eucalyptus. Source: Pacific Business News
US Congressman Glenn Thompson sent a bipartisan letter to US Green Building Council (USGBC) urging changes to the treatment of forest products under the Council’s Leadership in Energy and Environmental Design (LEED) 2012 rating system. Source: North Central PA
Malaysia’s government plans to allocate RM3 billion to expand the country's forest plantation by up to 375,000ha by 2020 to ensure a sustainable and guaranteed supply of raw materials for wood related industries. Source: The Star Online