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‘Tight discussions’ on finance for proposed pellet plant

The ASX-listed company behind a biomass project needs more than $300m to develop a plant at Kawerau.

Torrefied wood pellets have high energy density and can be stored in moist environments.

Tim Hunter Fri, 14 Feb 2025

The cash-strapped company proposing a fast-track wood pellet plant at Kawerau is in “tight discussions” with potential financiers, says its business development manager Dean Ormrod.

ASX-listed Foresta said this week it had signed a non-binding term sheet with Genesis for the supply of torrefied

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Tim Hunter Fri, 14 Feb 2025
Contact the Writer: thunter@nbr.co.nz
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‘Tight discussions’ on finance for proposed pellet plant
Investment,
107798
true