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Tech vs. Trees: Japan plans to launch world's first wooden satellite this summer, emissions from sustainable aviation fuel could drop by 80% due to better lignin utilization, 'romantasy' novels expected to drive book sales in 2024

Japan to launch world's first wooden spacecraft, the LignoSat probe, into orbit in Summer 2024 in a move toward sustainable space travel; wooden satellite designed by Sumitomo Forestry and Kyoto University only leaves biodegradable ash upon re-entry

Sumitomo Forestry America, the housing and wood products subsidiary of Sumitomo Forestry, completes acquisition of JPI, a multifamily developer in Texas and California

Sumitomo Forestry joins International Sustainable Forestry Coalition, launched in September to support forestry sector's contribution to a sustainable society; company manages sustainable working forests in Japan, Indonesia, New Zealand, Papua New Guinea

Sumitomo Forestry, other Japanese firms to invest 60B yen in fund established to invest in US forestry; fund plans to purchase some 130,000 hectares of woodland in northeastern US by 2027, aims to generate carbon credits for use by fund's investors

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