Helene Hammered Private Timberlands
Based on preliminary damage assessments conducted by the Georgia Dept. of Agriculture, the Georgia Forestry Commission, and the University of Georgia, Hurricane Helene left behind an estimated $6.46 billion in damage to Georgia’s agriculture and forestry industries, more than three times the damage from Hurricane Michael in 2018.
The 60-100 mile per hour winds that raged from Valdosta to Augusta took a heavy toll mostly on privately owned timberlands. The latest timber loss estimates from the Georgia Forestry Commission and the UGA Warnell School of Forestry state 8.8 million acres of timber were ravaged. The impact on one of Georgia’s top five commodities, timber, is expected to be $1.28 billion.
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Origin Materials Plans Biomass-Based Facility
Louisiana Gov. John Bel Edwards and Origin Materials, a carbon-negative materials company committed to the global transition to sustainable materials, announced that the company plans an investment of at least $750 million to develop a biomass manufacturing facility in Ascension Parish that will result in…
Resolute Purchases Nearby Cogen Facility
Resolute announced an agreement for the purchase of a cogeneration facility in Senneterre, Quebec. The purchase of the 34.5 MW cogeneration facility, adjacent to Resolute’s Senneterre sawmill, builds on its significant investments in the region, including the ongoing project toward a new planer and…
FSC Halts Certification Of Russian Products
In early March the Forest Stewardship Council (FSC) suspended trading certificates in Russia and Belarus and announced it would “block wood sourcing” from the two countries as long as the armed conflict in Ukraine continued. According to the FSC announcement, “Wood and forest products from Russia and Belarus…
Drax Gets Satellite Pellet Plant Going
Drax Group is ramping up to full production at Leola—the first of three new satellite pellet plants it plans for Arkansas. Leola, in Grant County, is part of a $40 million investment by Drax in the state, creating approximately 30 new jobs across all the three sites planned for Arkansas as well as many more…
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