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 Industry Roundup |
Deforestation/Reforestation
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Automotive Industry Action Group and Drive Sustainability release updated guiding principles to enhance supply chain sustainability; document contains sections on carbon neutrality, circularity, animal welfare, biodiversity, land use, deforestation
GlobeNewswire (06/22)
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Forestry
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Oregon’s Longview Ranch to work through additional 400-plus acres of timber this summer on its nearly 10,000 acres of forestland as part of effort to create a healthier forest; company says it is committed to responsible, sustainable land-use practices
Business Wire (06/22)
Maine's forest owners hesitant on carbon trading; most of Baskahegan's 88,000 acres is enrolled in offset programs; Wagner with 800,000 acres doubts a carbon agreement would boost sequestration, notes using wood products in construction also stores carbon
The Maine Monitor (06/22)
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Timberland/Forestland
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European Commission’s nature restoration proposal does not clarify who will bear responsibility for, and estimated €54B cost of, implementing restoration measures; Cepi calls for efficient, inclusive approach, and consultation of forestry stakeholders
Confederation of European Paper Industries (CEPI) (06/22)
EU's proposed Nature Restoration Law would make member countries develop restoration plan, in effort to revive ailing habitats, boost ecosystems such as forests that help tackle climate change; it would also slash pesticide use, protect pollinators
Irish Independent (06/22)
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Forestry/Timberland
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New Zealand faces increased wildfire risk from climate change; study released by Scion shows conditions that led to Australia's devastating ‘Black Summer’ fires already occasionally occur in parts of Central Otago and could become much more frequent
Scion (06/22)
Montana Fish, Wildlife & Parks aims to implement new tool for private land habitat conservation, Habitat Conservation Lease program, which could potentially protect up to 500,000 acres in five years; FWP seeks input on environment assessment for leases
The Western News (06/22)
US Forest Service awards US$$228,700 wood innovation grant to Virginia Tech for multistate effort to produce structural grade hardwood lumber; Virginia Dept. of Forestry awarded US$250,000 to expand new markets for biochar
Targeted News Service (06/22)
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Agri
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Dairy Farming
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Land O'Lakes expanding its three-year pilot program which focuses on sustainable farming and animal feed production to five additional farms, ranging in size from 450 to 2,000 cows, in partnership with Bel Brands USA
FeedNavigator.com (06/22)
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Fertilizers & Plant Nutrients
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North Carolina State University-led STEPS center launches initiative to advance phosphorus sustainability, a vital component of crop fertilizers; STEPS to help reduce human dependence on mined phosphates by 25%, reduce source losses in soil, water by 25%
North Carolina State University (NCSU) (06/22)
Gensource Potash and investor partner HELM to double potash production capacity of the Tugaske Project near Tugaske, Saskatchewan, to 500,000 tonnes/year; companies note increased global demand due to changes in agriculture, fertilizer markets
Business Wire (06/22)
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Regenerative Agriculture
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Cargill to begin enrolling US cotton growers in its Cargill RegenConnect regeneratively-sourced cotton program in July; the program will reward cotton growers for the positive soil health practices they are already using
AgroSpectrum India (06/22)
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Land
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Land
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European Commission adopts pioneering proposals that in part aim to increase organic carbon in cropland mineral soils and high-diversity landscape features on agricultural land
European Commission (06/22)
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Wood Products
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MDF, Particleboard & Non-Structural Panels
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Canadian government supports Uniboard's Val-d'Or particleboard mill investment with C$10M in financial assistance from Canada Economic Development for Quebec Regions; Uniboard Canada employs 850 people in its four Quebec plants
Canada Newswire (06/22)
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Engineered Wood Products (EWP)
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Adding LP's LVL and I-Joist production facilities in North Carolina, California, British Columbia to Pacific Woodtech's EWP business will propel company into new growth, says CEO; PWT is only EWP supplier to offer indoor and outdoor whole home solutions
EIN Presswire (06/22)
Pacific Woodtech to acquire LP's Engineered Wood Products Business for US$210M; acquisition includes LVL and I-joist manufacturing facilities in North Carolina, California and British Columbia, associated timber license assets, and SolidStart brand
Canada Newswire (06/22)
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Lumber
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US open to fresh negotiations with Canada to resolve softwood lumber dispute but US Trade Representative says Canada must be ready to address US concerns that its policies amount to subsidies for Canadian producers
Reuters (06/22)
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Pulp/Fiber
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Paper Pulp
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Ence's Pontevedra pulp mill in Spain passes European Regulation EMAS audit of its environmental management system, also verified to comply with ISO 14001 environmental certification; mill has improved effluent quality, reduced water use 22% in five years
ENCE Energia y Celulosa SA (06/22)
Zhongshun Jierou Paper receives provincial approval of energy-saving report for its planned pulp, paper mill in Dazhou, China; project includes 318,000-ton bamboo pulp line, three household paper production lines with 300,000-ton capacity
Al Bawaba Business (06/22)
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Publication/Fine Paper
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Port Hawkesbury Paper, Charbone Hydrogen partner to develop small-scale green hydrogen production facility at Port Hawkesbury Mill site in Nova Scotia; companies also intend to explore best uses of Charbone's hydrogen for assets, benefits of PHP campus
Globe Newswire (06/22)
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Containerboard
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Wells Fargo: Domestic kraft linerboard prices hold steady in June, and demand trends also steady for most end-use categories; talks of North American containerboard hike simmer as declining consumer budget, incoming capacity threaten supply/demand balance
Wells Fargo & Co. (06/22)
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Real Estate
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Existing Homes
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Potential US existing-home sales in May fell 2.0% month-over-month to 5.62 million seasonally adjusted annualized rate; market potential for home sales 2.5% higher than pre-pandemic level: First American
First American Financial Corp. (06/22)
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Mortgages/Home Financing
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US mortgage applications increased 4.2% in week ended Jun. 17 from one week earlier; Refinance Index decreased 3.0%, Purchase Index increased 8.0%: Mortgage Bankers Assn.
Mortgage Bankers Association (MBA) (06/22)
Mortgage payments higher than rent in 45 of 50 largest US metros, up from 22 in 2019 driven by rising prices and interest rates; incomes lagging behind rising mortgage costs, with monthly payments accounting for 28% of homeowners' monthly income: Zillow
Zillow Group Inc. (06/22)
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Housing Affordability
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Saint-Gobain North America to donate more than C$100,000 of CertainTeed interior building materials and cash to Habitat for Humanity to build affordable housing in communities across Canada; partnership aligns with global Grow and Impact strategy
Business Wire (06/22)
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Thrifts & Mortgage Finance
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Share of US mortgage loans in forbearance decreased to 0.85% as of May 31 from 0.94% in prior month; share of Ginnie Mae loans in forbearance decreased 4 basis points to 1.25%, Fannie Mae and Freddie Mac loans in forbearance down 5 basis points to 0.38%
Mortgage Bankers Association (MBA) (06/22)
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Real Estate
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Median US rental price up 23.2% year-over-year to US$1,849 in May, the tenth consecutive month of double-digit annual growth; largest annual rental price gains were registered in Miami, Orlando, Providence, San Diego, and Tampa: Realtor.com
Move Inc. (06/22)
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Logistics
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Trucking/Van Delivery
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Transportation spend management solutions company Trax Technologies, Truckstop.com partner to provide visibility insights to decrease time to onboard carriers with shippers and enhance rate, payment data; move to improve shipper and carrier relationships
GlobeNewswire (06/22)
Advances in telecommunications, data analytics and AI, along with autonomous and electric-powered trucks, will feed innovation, growth of IoT for trucks in next decade, say industry experts; smaller fleets will integrate more telematics into operations
Indian Transportation & Logistics (Weekly) (06/22)
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Ocean Cargo/Shipping
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South Korean shipbuilder Samsung Heavy Industries receives record order for US$3B for 14 LNG ships to be delivered in 2024, 2026 for unidentified buyers; analysts say orders are in response to QatarEnergy’s expansion of LNG shipbuilding capacity
The Maritime Executive (06/22)
UK DOT and Innovate UK to build and install the world's first offshore charging points off the Lincolnshire coast for electric vessels used to maintain and operate offshore wind farms; the global electric ships market is set to be worth US$7.76B by 2028
Mondaq Business Briefing (06/22)
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Marine Ports
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Kuehne+Nagel is announced as world's largest air cargo forwarder per volume in 2021, ousting DHL, according to consultant Armstrong & Associates; carrier saw a 54.9% rise in volume year-over-year as port congestion, container shortages boosted air cargo
Logistics Insider (06/22)
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Logistics, Shipping & Delivery
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ABI expects global robotic last-mile delivery revenues to grow to US$670M in 2030 from US$70M in 2022, and value of parcels delivered by autonomous mobile robots to reach US$3.3B by 2030; automation use to grow as governments increase regulatory approvals
ABI Research (06/22)
DHL Supply Chain Australia agrees to acquire The Glen Cameron Group to strengthen its position in the road freight market; company offers over 100,000-sq-meters of warehousing, operates a fleet of 1,000 trucks and trailers and has over 820 employees
Media Outreach (06/22)
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Bioeconomy
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Biomass
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UK-based startup company Bio-Sep secures US$1.7M in seed funding; company is based on technology that enables production of high-value biochemicals from woody biomass such as sawdust, sugarcane
Industrial Biotechnology Innovation Centre (IBioIC) (06/22)
Ence successfully completes annual technical shutdown at Magnon Green Energy plant in Merida, Spain, in which it has invested more than €1M; Merida plant generates renewable energy from agricultural and forestry biomass
ENCE Energia y Celulosa SA (06/22)
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Biotechnology
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Scotland’s industrial biotechnology sector on track for £1.2B/year turnover by 2025; National Plan for Industrial Biotechnology aims to support businesses to embrace sustainable products, create green jobs, fuel economic growth on path to net zero
Industrial Biotechnology Innovation Centre (IBioIC) (06/22)
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Stock
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Latest: Jun, 22 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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PotlatchDeltic (PCH)
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45.30
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45.55
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-0.55%
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-13.70%
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Rayonier (RYN)
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36.66
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36.90
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-0.65%
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6.91%
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Weyerhaeuser (WY)
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33.26
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33.44
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-0.54%
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-2.55%
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Forestry & Timberland
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