Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Wood and Beyond


Wood and Beyond

Rotorua-based Crown Research Institute, Forest Research has recently announced a pivotal refocus of its research effort, with a move into selected areas of science discovery.

These areas will underpin developments in the rapidly emerging global biomaterials market.
With a recent decline in traditional revenue sources, Forest Research embarked on a comprehensive strategic planning process to examine future global scenarios and, within these, the technological responses to changing market and consumer needs.

The overwhelming conclusion was that biomaterials, or non-food materials based on plants, will become a major and continuing influence in global manufacturing over the next decade.

In announcing the company’s plans, Chief Executive, Bryce Heard said “With the growing consumer demand for renewable and biodegradable products, Forest Research will use long-term government funding as well as venture capital, to focus more resources into the key science areas that underpin technology advances in the biomaterials field”.

“Forest Research recognises that the world needs, and is beginning to demand, new high-performance materials based on renewable plant sources. This trend is being driven by growing restrictions on fossil fuels, and increased environmental concerns around waste. Petrochemicals are used as a basis for modern synthetics, but plants provide a renewable source of chemical ‘building blocks’ for almost all materials. With New Zealand’s favourable climate range for plant growth, and our well-established agricultural and plantation forest industry, we foresee huge opportunities for this country in biomaterial development.”

Wood is the most widely used renewable biomaterial in the world today. “Over the past decade, we have extended our expertise into areas beyond the traditional forestry value chain, and discovered new sources of bio-based materials from wood, other plants and waste streams.” Mr Heard says Forest Research is also extending the traditional uses of wood by developing new high-performance composites made from fibre and plastic. These materials can be used for a wide range of specialist products that are both recyclable and biodegradable.

“In widening our biomaterial base, we can help New Zealand industry to seize opportunities in future markets where renewable and biodegradable products will be the norm”, Mr Heard said. “We have carefully segmented our business to cater for the ongoing needs of our existing clients, as well as building for the needs of our future clients. New skill-sets being developed around carefully selected transformation science platforms, coupled with rigorous and systematic new processes for developing good ideas into commercial products, and we have the new look Forest Research.”

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news