Metsä Group and the technology company ANDRITZ will jointly investigate the possibility of building a carbon capture facility in connection with the bioproduct mill.
Wood Markets News
New Zealand’s Tallest Commercial Timber Building Proposed in Auckland
Jame Kirkpatrick Group has presented plans to redevelop an existing lot with a new 11-story mass timber building, according to a feature by woodcentral.
Arbec’s L’Ascension, QC, Sawmill Pauses Production Due to High Fiber Costs
Rémabec said its Arbec sawmill in l’Ascension, Quebec, will temporarily cease production for at least the next four weeks, Le Journal de Québec reported.
Canadian Housing Starts Rise in May
The standalone SAAR of total housing starts for all areas in Canada in May was 264,506 units—a month-over-month increase of 10%—CMHC reported.
Investment in Canadian Building Construction Declines in April
Investment in building construction decreased 2.0% month-over-month to $20.5 billion (CAD) in April.
Canadian Existing-Home Sales Trend Lower in May
Home sales activity recorded over Canadian MLS® Systems declined 0.6% between April and May, CREA reported. Home prices moved sideways.
US National Interagency Fire Center Wildfire Update for June 17th
12 new large incidents were reported over the weekend, and a total of 17 large, uncontained wildfires are currently being managed under full suppression strategies, while 8 are being managed with strategies other than full suppression.
Canfor Schedules Two Curtailments at Its Fort St. John, BC, Sawmill
Canfor has announced two temporary curtailments of sawmill and planer operations in Fort St. John, BC, according to internal memos reviewed by Energeticcity.ca.
US Existing-Home Sales Decline in May as Home Prices Continue to Climb
US existing-home sales fell 1.7% month-over-month and 2.9% year-over-year on a seasonally adjusted basis, Redfin reported.
US Residential Building Materials Prices Little Changed in May
Inputs to residential construction, goods less food and energy, declined 0.09% in May, the BLS and NAHB reported.