NZ wood fibre futures report - stage one
investment in the use of commercial forest biomass to move New Zealand towards carbon-zero
In November 2019, the New Zealand Ministry for Primary Industries (MPI), Ministry of Business, Innovation and Employment (MBIE), and the Forestry Ministerial Advisory Group released a Request for Proposals (RFP) to deliver a global technology scan.
It sought a commercially oriented report that would:
“… support New Zealand’s move to a net zero emissions economy by 2050 … identify internationally competitive investment opportunities using plantation forest biomass ... substituting this renewable biomass as the feedstock in products and markets that would otherwise use non-renewable or petroleum-based feedstocks.”
This study recommends several internationally competitive investment opportunities using New Zealand’s plantation forestry biomass to achieve two simultaneous outcomes:
- Help move the country to carbon-zero.
- Build on the forestry industry’s current strengths and create higher value.