Washington Carbon Offset Developer ‘Steps Away’ From Project
A company that had been working with the Washington state Dept. of Natural Resources (DNR) to help develop a state program to sell carbon offsets as a way to generate forest revenues has stepped away from the project, citing the possibility to re-engage at a later date “when the path forward” for developing such a project is clearer, company officials said. Majority-owned by oil producer BP, Finite Carbon had been advising DNR officials since 2020. In April 2022, the company and DNR officials announced the program and an initial sale of 10,000 acres’ worth of carbon offsets. The carbon offset program, which remains under development, has been controversial from the start for timber industry officials in the state, who saw the 10,000 acres taken out of production.
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Forbes Is Sole Owner Of Brunette
Brunette Machinery Co. Inc. announced that Kirk Forbes has concluded the purchase of shares from his business partners and is now the sole owner of Brunette, which is celebrating more than 75 years in supplying the wood products business…
Enviva Announces Acquisitions
Enviva is expanding its footprint in the south once again through acquisitions—this time with the purchase of Georgia Biomass in Waycross, Ga., which was commissioned in April 2011, with associated export terminal capacity in Savannah, Ga. for $175 million in cash. The Waycross facility has an annual production capacity of 750,000 MTPY. This announcement comes after Enviva purchased the pellet plant in Greenwood, SC…
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