Demand for news on U.S. black liquor tax credits helps fuel activity on Forestweb's new integrated business solution Crisis Navigator
July 30, 2009
– U.S. paper companies continue to benefit from a tax credit that allows them to claim part of their black liquor pulp-making process as an alternative fuel. Mills get money back for creating electricity by burning diesel with black liquor - a byproduct of turning wood into pulp - because it's considered a nontraditional biomass-containing fuel.
The little-known tax credit contained in the transportation and ethanol bill Congress passed in 2005 has generated millions of dollars for forest products companies. It also has spurred the Canadian government to create a similar tax subsidy.
News of the controversial black liquor tax credit and its consequences have been among the most-read stories on Forestweb since the issue came to light early in 2009. Forestweb launched its news and information service for executives and investors in the forest products industry in 1999. Crisis Navigator, a component of that service added in spring 2009, allows users to follow topics of interest, including black liquor, and evaluate the impact on the financial health of the companies they track.
"We're a way for companies to see the blind spots that may impede their progress - a way to get at the hidden view that lies beyond the news available from traditional sources," said Rami Ghandour, founder and CEO of Forestweb and its sister company, Industry Intelligence Inc.
Crisis Navigator is an integrated business solution that combines forest products companies' earnings-call transcripts, analyst reports, stock prices, financials, commentary, analytical tools and more. Users get a closer, focused view of the industry, their competitors and the market forces that affect their companies. The proprietary technology that powers Crisis Navigator connects the sales and earnings transcripts of more than 125 leading companies that impact both the upstream and downstream forest products markets with research by leading Wall Street analysts. Among the stock brokerage and investment firms whose analyst research appears on Forestweb are Deutsche Bank, Dundee Securities, RBC Capital Markets, CIBC World Markets, Fitch Ratings and Morningstar.
Crisis Navigator aims to support executives seeking to enhance their strategic planning and decision-making as well as financial professionals tasked with preparing and analyzing quarterly reports during earnings season. With a single login, a company's management team has access to a resource of financial content, data, news and analytics that offers a wide range of content, including:
* Sales and earnings transcripts
* Financial analysts' research and analysis
* Financial performance analysis tools
* Stock indices with real-time stock performance
* Economic news and data
* Mill closures and layoffs
* In-depth private company executive interviews
* Independent opinion and commentary
About Industry Intelligence Inc./Forestweb
Industry Intelligence Inc. offers patented information and delivery technology to market sectors as diverse as plastics, agribusiness and builders and developers. Its sister company, Forestweb, provides a suite of fully integrated industry intelligence solutions to every sector of the forest products industry - timberlands, forestry, wood products, pulp, paper, packaging, recovered paper, lumber, panels, and paper end-use markets.
Both organizations help companies grow their business by connecting them with the essential business information they need to gain a competitive advantage. They deliver real-time market intelligence that's 100% relevant, collaborative and actionable through proprietary technology that integrates and connects business news, market data, analysis and opinion.
Founded in 1999, privately held, and headquartered in Los Angeles, Industry Intelligence Inc. and Forestweb Inc. have worked with more than 600 companies worldwide. For more, visit http://www.industryintel.com.