Lease agreement for Kawerau site a major step forward for integrated biomass manufacturing facility

11 February 2026

Foresta’s plans to build an integrated biomass manufacturing facility to produce pine-based chemicals and low emissions fossil-free fuel to replace coal, have moved a step closer with the signing of a lease at a site at Kawerau. Foresta has executed a formal lease with the local Māori land trust Putauaki Trust under the previously announced Agreement to Lease for a 9.6 ha site at Kawerau. The lease will officially commence on 1 March 2026 for an initial term of 30 years with an option to extend the lease for another 20 years.  More here

FORESTA's directors, Executive Chairman Henry Cheng and Executive Director Dr Maurizio Fabiani, at an official signing ceremony on 9 February 2026 to formally execute the lease together with Putauaki Trust Chairman Tiaki Hunia and CEO John O'Brien