US-based carbon sequestration firm Running Tide recently announced it will be shutting down its global operations, Iceland Review reported.
News in international markets
EU Countries Approve Nature Restoration Plan
On Monday, European Union countries gave final approval to a major and long-awaited plan to better protect nature in the 27-nation bloc, ABC News reported.
Metsä Group and ANDRITZ Consider Building a Carbon Capture Facility in Connection With a Bioproduct Mill
Metsä Group and the technology company ANDRITZ will jointly investigate the possibility of building a carbon capture facility in connection with the bioproduct mill.
UK Imports Down but Prices Stabilize in Q1, Timber Development UK Reports
Timber imports saw weaker volumes during Q1 than in 2023Q1, and greater price stability for many timber and panel products has continued in recent months, TDUK reported.
US Wood Pellet Exports Decline Month-Over-Month but Rise Year-Over-Year in April
The US exported 819,341.5 metric tons of wood pellets in April, down from 938,662.3 metric tons in March, a Biomass Magazine review of USDA data shows.
EU Formally Adopts Extension of Birch Plywood Antidumping Measures for Kazakhstan and Turkey
The EU has formally adopted the extension of anti-dumping measures on birch plywood imports to include those from Kazakhstan and Turkey, Timber Industry Magazine reported.
Brazilian Exports of Wood-Based Products Decline Year-Over-Year in April
Brazilian exports of wood-based products (except pulp and paper) fell 9.0% in value year-over-year to $306.7 million in April, ITTO reported.
New South Wales, Australia, Announces $13 Million Forestry Funding Package
New South Wales announced a $13 million (AUD) forestry funding package to provide much needed protection of critical timber supplies in the lead up to the next bushfire season.
Isojoen Saha Announces Significant Investment in Its Isojoki, Finland, Sawmill
Finland’s Isojoen Saha announced on Friday that it will build a new main sawmill line. The investment is one of the largest in the company’s 74-year history.
Keitele Group Announces Major Investment at Its Sawmill in Keitele, Finland
Keitele Group is investing more than EUR 40 million to increase annual sawn timber capacity at its sawmill in Keitele, Finland.