Proposal for bio-based products report
Friday 8 Nov 2019Trees can play a lead role in New Zealand’s transition to a low emissions economy, and this is reflected in a new request for research into innovative ways to use wood fibre, announced by Forestry Minister Shane Jones at the blessing of the new government forestry hub site in Rotorua.
Te Uru Rākau (Forestry New Zealand), the Ministry of Business, Innovation and Employment and the Forestry Ministerial Advisory Group have issued a ‘request for proposal’ – worth NZ$250,000 to $300,000 – seeking a commercially-oriented report on viable opportunities for investment in biobased products and biorefinery processing technology.
These investments must use wood and wood fibre and be internationally competitive. Many countries have examined options for future reductions in greenhouse gas emissions and defined a bioeconomy solution in which forests and forest products play a significant role.
“Through this call for research, I’d like to see a report that will identify investible opportunities for the production and manufacturing of high value, wood fibre-based bioproducts that will bring innovation and employment to our regions, and increase onshore processing of logs. I’m excited to see the opportunities that emerge and will help establish forestry as the cornerstone of our future economy,” Shane Jones said.
Copyright 2004-2020 © Innovatek Ltd. All rights reserved.