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Investment Firm Angeleno Group Invests In NESTEC

OpportunitiesInvestment Firm Angeleno Group Invests In NESTECAngeleno Group, a Los Angeles-based investment firm providing venture capital and growth equity to clean energy and climate solutions companies, announced its investment in NESTEC, an equipment manufacturer...

U.S. Forest Service Announces New Funding Opportunities

U.S. Forest Service Announces New Funding OpportunitiesThe U.S. Department of Agriculture’s Forest Service has announced up to $95 million in competitive grant funding through its Wood Innovations program for projects that advance innovative wood uses, expand...

SFI President & CEO Kathy Abusow To Retire

Legacy Plant Converting To ‘Carbon Negative AI Factory’The Sustainable Forestry Initiative (SFI) has announced that President and CEO Kathy Abusow will retire in 2026, having led SFI through a period of significant expansion across North America, increasing reach,...

Legacy Plant Converting To ‘Carbon Negative AI Factory’

Legacy Plant Converting To ‘Carbon Negative AI Factory’Specializing in developing smaller carbon footprints for AI operations, New York-based NewYork GreenCloud (NYGC) has acquired the closed Buena Vista Biomass Power facility in Ione, Calif., with plans to convert...

Mercer Purchases Germany’s HIT

Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT (Holz Industrie Torgau) for €270 million. HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany and a wood processing facility in Dahlen, Germany that produces garden products…

Equipment Companies Reveal Latest Developments

This is the second part of three parts in the coverage of the Wood Bioenergy Conference & Expo held March 29-30, 2022 at the Omni Hotel at CNN Center and hosted by Wood Bioenergy magazine. Part one in the June issue focused on the keynote talks from producer and consultant personnel. Part two highlights several presentations delivered by representatives of equipment and technologies companies. Look for…

Drax Acquires BC’s Princeton Standard Pellet

Drax Group has signed an agreement with Princeton Standard Pellet Corporation (PSPC) to acquire its pellet plant in Princeton, British Columbia, Canada. The acquisition is expected to be complete in the third quarter of this year. The plant, which has been operating since 1995, has the capacity to produce 90,000 tonnes of wood pellets a year, primarily from sawmill residues. Around half of the output from the plant…

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