Hughes Pacific Expanding Its Timber Holdings in Canada

Canadian Forest Industries (CFI) reported that Washington-based Hughes Pacific has announced a significant expansion of its forestry operations in western Canada.

Hughes Pacific has acquired timberlands in Alberta and British Columbia and plans to add another 4,000 acres of mature timberland from private landowners across Canada. In an email to CFI, the company said the expansion will support the production of renewable wood fuel products and bolter its precision forestry management capabilities.

Hughes Pacific plans to issue timber rights leases to local wood fuel product producers and to use it timberlands as test sites to develop hybrid strategies and techniques to improve LiDAR solutions in the carbon offset market.

In a statement to CFI, Hughes Pacific’s David Hughes said:

“Our commitment to sustainable forestry and carbon offset project development innovation is at the heart of this strategic move. By acquiring these timberlands, Hughes Pacific is positioning itself to play an innovative role in the development of carbon offset projects throughout Canada while helping provide renewable energy solutions.”