With the purchase of Resolute, Paper Excellence will rival West Fraser, North America’s largest forestry company. In other Business news: bids expected on Resolute’s Thunder Bay mill; Western Forest Products’ Port Alberni mill closure to last six months; Snavely Forest Products expands in Texas, Ponsse North America expands in Florida; Spectrum Energy’s pellet plants face protests; and Rayonier Advanced Materials reports positive Q3 results.
In Forestry/Climate news: a Wall Street firm makes big bet on forest carbon; pledges to plant trees hampered by lack of seeds; ENGOs push on Canada’s carbon emissions from logging; and University of BC researchers develop new uses for wood cellulose.
Finally, we can confidently say we’re now in a housing recession (NAHB’s Robert Dietz).
Kelly McCloskey, Tree Frog Editor