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We are pleased to present Foresta’s 2024 Annual Report, highlighting the significant progress made over the past financial year. This period has been pivotal in laying the groundwork for Foresta’s vision of becoming a leader in bio-based energy and chemicals.

Key Highlights:

  1. Establishing Our Flagship Facility
    We secured a 30-year lease on industrially zoned land in Kawerau, New Zealand, marking a major step toward developing our flagship manufacturing facility. Critical processes, including obtaining resource consents, earthworks consents, and geotechnical investigations, are underway, with detailed plant design scheduled to commence in November 2024, contingent on funding.
  2. Growing Global Demand
    The immense demand for fossil fuel alternatives has driven numerous offtake agreements for our torrefied pellets and pine chemicals with world-class companies. These partnerships underline the global shift toward sustainable energy solutions and validate Foresta’s market potential.
  3. Securing Supply Chains
    On the supply side, we have solidified a long-term agreement with PF Olsen, ensuring 60% of the raw feedstock required for the initial stage of production. This strategic partnership guarantees a stable supply chain for our operations.
  4. Strengthening Community Connections
    Our participation in Fieldays, the Southern Hemisphere’s largest agricultural event held in Hamilton, New Zealand, was a standout moment. It allowed us to introduce Foresta to the wider community, engage with shareholders and stakeholders, and receive valuable insights from politicians and local residents.

Looking ahead:

Foresta remains committed to driving innovation and delivering sustainable energy solutions to address the challenges of climate change. Our progress this year reaffirms our potential to transform the energy landscape while fostering strong community relationships and partnerships.

We invite you to explore the full details of our journey and achievements in the 2024 Annual Report.

Thank you for supporting Foresta as we continue to build a resilient and sustainable future.