A rewarding year for NZ's forestry research grouping, Scion

NZ Crown Research Institute Scion completed a successful first full year under the Crown Research Institute (CRI) Taskforce reforms. Research and technology highlights from the year included partnership with Rotorua District Council to successfully commission a pilot-scale plant to treat municipal organic waste that has also led to wider opportunities to commercialise the protected TERAX™ technology; proving a new wood treatment technology that will enable Radiata pine to replace tropical hardwoods; supporting the implementation of the Emissions Trading Scheme with the development of carbon calculators; and releasing new support tools for rural fire prevention and management, such as a new Smartphone application that predicts fire behaviour.

Another highlight is the progress made by international license partner Sonae Indústria in accelerating product development for Scion’s new wood plastic pellet technology, with the first royalty income expected within the next few months.

Scion’s financial results are solid also. In the year ending 30 June 2012, Scion posted a net profit after tax of NZ$1.5 million, which exceeded budget. Scion’s complete Annual Report can be downloaded from the company’s website .

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