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Employee Spotlight: Supply Chain Manager, Rafael Moradei

Can you share a bit about your background and role within Foresta? My journey began with degrees in Project Management and Science Biology, fostering a passion for both disciplines. At Foresta, I spearhead forest procurement, ensuring a steady supply of biomass for our processing plants. This role allows me to combine my expertise in these […]

Placement To Raise $2.333M

Foresta Group Holdings Limited (ASX: FGH, “Foresta” or the “Company”) is pleased to announce that it has received strong interest and firm commitments for a placement of new fully paid ordinary shares (“New Shares”) to raise $2,332,510 million (before costs) (the “Placement”).The total amount of the Placement was increased to accommodate for the additional demand. […]

Office Launch In Papamoa

Foresta celebrated the opening of its company office in Papamoa, New Zealand. The event was attended by forestry supply companies, offtake partners, local politicians and members of parliament, and local media as well as our board of directors, senior management, and company personnel. Oral presentations were given by our Executive Chairman, Henry Cheng as well […]

Foresta’s Recent European Expedition

Grant Yeatman, Chief Operating Officer and Steve Pittman, Chief Development Officer, recently embarked on a journey to Hannover, Germany to take a closer look at potential suppliers and attend Ligna 2023, the world’s foremost woodworking and wood processing trade fair. Supplier Sites: The team’s visit to our potential suppliers’ facilities was enlightening. It offered us a […]

Foresta signs Term Sheet with Tailored Energy Resources

Foresta signs Term Sheet with Tailored Energy Resources Foresta Group Holdings Limited (ASX: FGH, “Foresta” or the “Company”) is a leading natural and renewable pine chemical and biomass pellet manufacturing company. Foresta is pleased to announce that its subsidiary Foresta NZ Limited and Tailored Energy Resources Limited have signed a Term Sheet in relation to […]

Overview of Rotorua flagship project

Foresta is pleased to provide a brief overview of our flagship project centred on the construction and commissioning of the world’s first integrated manufacturing facility at Rotorua, New Zealand, to produce pine chemicals (rosins and turpenes) and torrefied black pellets.This overview showcases the outstanding work that Foresta has performed this year to date in developing […]

New Technology Patent Filed

Foresta is pleased to announce the filing of a new technology patent with IP Australia (Australian Provisional Patent Application 2023902101).This patent application protects the invention that integrates the company’s patented organic solvent extraction process together with its wood pellet and torrefied wood pellet production process.The invention delivers significant process synergies that will enable lower production […]

Appointment of Chairman

We are pleased to announce that the Board has appointed Mr Pai-Heng (Henry) Cheng as Chairman of Foresta. Mr Henry Cheng is a highly skilled senior management and board executive with over 35 years of extensive experience in international business, resources, insurance, investment, finance and banking. Henry has developed strong global connections and networks, having […]

Quarterly Update Ending June 30

PLACEMENT SETTLEMENTOn 3 April 2023, Leaf completed a placement of securities to Formosa Group Australia Pty Ltd in the amount of $3.024 million via the issue of 252 million ordinary shares at $0.012, with attaching options at an exercise price of $0.045 and an expiry date of 31 December 2025 (“Placement”). The options were subsequently […]