Scion releases Annual Report 2023; stories underscore influence of Scion's technologically advanced and sustainable solutions to drive growth in the forestry, forest product and biobased sectors

Sample article from our R&D/Patents

December 8, 2023 (press release) –

8 December 2023

I am very pleased to share with you Scion’s Annual Report 2023.

Our stories provide a glimpse into the varied and innovative initiatives undertaken at Scion over the year ending 30 June 2023. We’ve spotlighted instances of partnership and collaboration with industry, iwi and government across our three impact areas. These stories underscore the influence of our technologically advanced and sustainable solutions that are driving growth in the forestry, forest product and biobased sectors.

In 2022 Scion celebrated its 75th anniversary. Today, as we reflect on our achievements and look forward to the future, the knowledge and expertise we have developed over all these years remains at the heart of who we are and the impact we seek to achieve.

We finished the year in a good position – slightly below our budgeted revenue but still ahead of the prior year by $5 million. We had budgeted a small loss of $0.7 million with the projected growth, but actually delivered a profit of $0.5 million.

Forests are fundamental to our vision to transition New Zealand to a circular bioeconomy - not only for their ability to sequester carbon and meet climate change targets, but also as a renewable source of biomass to create low-carbon alternatives for fossil fuels, plastics, and the concrete and steel in our buildings.

Delivering on this vision is fundamental to our strategy targeting New Zealand’s carbon zero goals. Research that supports industry to manage New Zealand’s exotic forests and realise the values associated with our natural environment remains our core focus.

Please feel free to provide feedback and contact me directly on our annual report or performance.

Dr Julian Elder
Chief Executive

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order r&d/patents coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.