We are thrilled to share that Foresta has signed a significant ten-year Harvesting Contract with Silvertree Biomass Solutions Limited (“SILVERTREE”).

This milestone contract represents a commitment of approximately 243,000 tonnes per annum of logs, stumps, and other approved biomass, fulfilling the entirety of Stage 1a’s raw feedstock requirements for our proposed integrated manufacturing facility in New Zealand.

This strategic partnership underscores FORESTA’s commitment to fortify our raw material supply chain, by securing the forest cutting rights.

We recognise that harvesting and delivery costs represent a significant portion — 50-90% — of our biomass supply expenses. This contract with SILVERTREE not only secures our supply chain but also ensures cost efficiency, contributing to our commitment to sustainable operations.

Moreover, SILVERTREE’s commitment to annually assist in sourcing raw feedstock for FORESTA underscores their dedication to our shared vision of an efficient and sustainable future. These supply volumes will sustainably fuel our Stage 1a production, year after year, ensuring seamless operations for our manufacturing plant.

SILVERTREE, under the leadership of Director and Owner Chad Empson, boasts an impressive 17-year track record in large-scale earthmoving and forestry operations. Chad’s familial legacy spanning over 35 years in the industry brings invaluable expertise to our collaboration.

As we embark on this journey with SILVERTREE, we remain steadfast in our mission to revolutionise the forestry industry, driving innovation, sustainability, and efficiency every step of the way.