2017-02-09
The Canadian forest products industry continues to develop cooperative partnerships to maximize the use of wood raw materials while expanding the biobased product offerings from the forest. As we noted last summer, FPInnovations and Resolute Forest Products announced a planned joint venture to manufacture biobased products (sugar stream C5, C6 and h-lignan) at Resolute’s Thunder Bay pulp and paper mill. Such relationships will be important for profitability as the industry continues to consolidate in many sectors. Forward-thinking forest organizations are innovating to take advantage of these new opportunities, as the expansion of biobased products will represent a significant portion of the forest products industry of the future.