Foresta’s Flagship Project Gains Momentum Under New Zealand’s Fast-Track Approvals Act

14 01 2025

At Foresta Group Holdings Limited (ASX: FGH), we’re excited to share a major milestone for our flagship project in Kawerau, New Zealand. Stage 1 of the project—the construction and operation of a pine chemical and torrefied wood pellet plant—has been included in New Zealand’s Fast-Track Approvals Act 2024. This recognition is a significant step forward for our vision of creating sustainable biomass fuels.

The Fast-Track Approvals Act is designed to streamline decision-making for infrastructure and development projects that deliver significant regional or national benefits. The Act currently supports 149 projects across various sectors, including renewable energy, housing, mining, and more. Foresta is proud to be one of just 22 renewable energy projects included under this forward-thinking legislation.

Being listed in Schedule 2 of the Act allows us to apply directly to the Environmental Protection Authority starting from 7 February 2025. This means Stage 1 can be reviewed by an expert panel, simplifying the approval process into a single application package.

While the fast-track designation accelerates our pathway, we remain fully committed to meeting all necessary consent application requirements. This ensures the project continues to align with environmental and community standards.

The Kawerau project is a cornerstone of Foresta’s mission to produce high-quality torrefied wood pellets—a sustainable and efficient biomass fuel. These pellets will play a crucial role in transitioning away from fossil fuels and towards renewable energy solutions that benefit both New Zealand and the global community.

We’ll continue to provide updates as the project progresses. Thank you for your ongoing support as we work towards a cleaner, more sustainable future!

Stay connected with Foresta for more updates on our journey.

Foresta’s Flagship Project Gains Momentum Under New Zealand’s Fast-Track Approvals Act

14 01 2025

Foresta included in Fast-Track Approvals Act 2024

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Foresta 2024 Annual Report: Building the Foundations for a Biomass Manufacturing Facility

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We are pleased to present Foresta’s 2024 Annual Report

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Foresta at Fieldays 2024

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Last week Foresta participated in Fieldays 2024

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$1M Placement to Accelerate Kawerau Biomass Manufacturing Project

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Last week Ray attended a forum held by The Economic Development Agency for the Eastern Kawerau.

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Foresta Signs Long-Term Offtake Purchase Contract with AV Pound & Co Limited

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in the relation the supply of 2,000 tonnes per annum of natural wood rosin

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Foresta Signs 10 Year Supply Agreement with PF Olsen

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This contractual arrangement represents the supply of 150,000 tonnes per annum of logs, stumps and slash

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Agreement to lease signed for Kawerau site

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We are thrilled to share that Foresta has signed a significant ten-year Harvesting Contract with Silvertree Biomass Solutions Limited (“SILVERTREE”).

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Pine trees, cultivated globally, are a versatile resource for various products. Beyond providing timber and cellulose for paper production, pine trees yield oleoresin, from which an array of chemical products is extracted.

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Forestry Research Updates

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Our forestry team has been hard at work in the heart of the forests

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Foresta NZ signs supply contract with Tailored Energy Resources Limited

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Foresta NZ and TER have now signed a binding ten (10) year Supply Agreement to supply up to 65,000 tonnes of torrefied wood pellets per annum

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Optimising Forest Ownership: A Comprehensive Approach to Progressive Harvesting and Slash Utilisation

21 11 2023

In the realm of responsible forest management, maximising value for forest owners is not just about harvesting timber but entails a holistic approach.

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