As Scotland works towards achieving net zero carbon emissions by 2045, their woodlands and forestry sector will be playing a key role in their ability to achieve that goal. Scotland’s woodlands and forests have gown in land cover from 5% at the start of the 20th century to 19% today.
The Wall Street Journal (WSJ) is reporting that Katerra, a modular prefabrication and timber innovations company was saved from bankruptcy on December 30th, 2020, by Japanese investment giant Softbank with an infusion of $ 200 million in cash.
A consortium of partners, comprising of Construction Scotland Innovation Centre (CSIC), Edinburgh Napier University (ENU) Centre for Offsite Construction and Innovative Structures (COCIS), Scottish Forestry, Confederation of Forest Industries (Confor), and SNRG – have secured funding from Innovate UK’s Sustainable Innovation Fund to prove the business case for using Scottish timber to create the structural elements of buildings.
Factory_OS receives $55 million from variety of technology and investment firms.
Stora Enso receives approval to sale CLT panels produced in it’s Austrian mill to the US.
Idaho’s timber industry continues to play a key role in the state’s economy.
To meet growing global demand and product shortages, Swedish sawmilling group Setra, announced in their Q3 results publication, that they plan to fully ramp up production during the fall.
Updates and changes in the National Building Code in Canada, allowing for the construction of wood buildings up to 12-storey, is changing how architects, builders and developers thinks about building taller wooden structures.
New Zealand’s Regional Economic Development Minster Shane Jones has announced that the Four Bay of Plenty timber businesses will be receiving investments totaling nearly $ 22 million through the Provincial Growth Fund.
The National Fire Protection Association (NFPA) has announced allowances for larger and taller mass timber buildings in accordance with NFPA 5000 Building Construction and Safety Code® and, where applicable, NFPA 101 Life Safety Code®.