Total revenue in the logging industry declined 4.9% from 2022 to $11.7 billion (CAD) in 2023.
News in timber
Drax Partners With Pathway Energy to Supply Biomass Pellets for New Gulf Coast SAF Plant
Drax and Pathway have reached a deal that could see Drax supply over 1 million tons of pellets each year to Pathway’s proposed SAF plant on the US Gulf Coast.
USDA Awards $335 Million for Private Forestland Management and Conservation
The USDA announced awards of nearly $335 million to strengthen financial incentives for private forest landowners to manage their forests sustainably and to permanently conserve private forests in partnership with states.
Enviva Exits Chapter 11 Bankruptcy Protection
Enviva announced on Friday, December 6, 2024, that it has successfully emerged from Chapter 11 bankruptcy protection, marking a significant […]
Roseburg Forest Products Lays Off 2.5% of Its North American Workforce
Roseburg Forest Products confirmed that it laid off approximately 2.5% of its workforce across all North American locations early last month, while 120 positions are slated to be filled at Oregon facilities through 2026, The News-Review reported.
Campbell Global Acquires 40,800 Acres of Timberland in the Pacific Northwest
Campbell Global acquired of 40,800 productive acres of high-quality, commercial timberland located on the Olympic Peninsula in northwest Washington state.
US Forest Service Announces New Policy for Monitoring National Forests and Grasslands
The US Forest Service announced a new policy for monitoring national forests and grasslands, an important step in implementing the agency’s 2012 planning rule.
Carbon RX Announces Partnership With the Pimicikamak Cree Nation
Carbon RX is partnering with the Pimicikamak Cree Nation to assist in forest management and preservation of 3 million acres of First Nation lands in Manitoba.
US National Interagency Fire Center Wildfire Update as of November 22nd
As of Friday, November 22nd, wildland fire activity continues in 2 states where 5 large active wildfires have burned 144,141 acres.
Quebec to Invest $252 Million to Support Province’s Forestry Sector
Québec announced additional investments of $252 million (CAD) over five years that will enable initiatives worth $540 million over the next seven years.