Leaf Resources Limited ( (AU:FGH) ) just unveiled an announcement.
Foresta (NZ) Limited, a subsidiary of FORESTA Group Holdings Limited, has entered into a collaboration agreement with the Energy Efficiency and Conservation Authority (EECA) to explore the use of geothermal steam for process heat at its planned biomass manufacturing facility in Kawerau, New Zealand. This initiative aims to enhance energy efficiency and reduce environmental impact, aligning with FORESTA’s commitment to sustainable energy solutions. The feasibility study, supported by co-funding from EECA and conducted by engineering firm AURECON, will evaluate low-carbon process heat options and inform the design of energy-efficient processes, reinforcing FORESTA’s goal to become a global leader in renewable pine chemicals and biomass torrefied pellets.
More about Leaf Resources Limited
FORESTA Group Holdings Limited is a leading company in the natural and renewable pine chemical and biomass pellet manufacturing industry. The company has developed a proprietary process to extract pine chemicals using the tree’s own solvent chemicals, producing products like rosin and terpenes, which are used in industrial manufacturing for adhesives, inks, paints, and more.
YTD Price Performance: -9.09%
Average Trading Volume: 845,136
Technical Sentiment Signal: Buy
Current Market Cap: A$26.53M
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