South Australian Government announced an AUD 2 million investment in a National Institute for Forest Products

South Australian Government announced AUD 2 million investment towards a National Institute for Forest Products Innovation node in Mount Gambier, South Australia, Australia.

Mr Ross Hampton, Chief Executive Officer of AFPA, commented:

“This investment is recognition that in a carbon constrained global economy in which renewable resources are at a premium, the forest products industry can play a key role in Australia’s innovation agenda.

With a AUD 2 million commitment from the Federal Government and additional commitments from industry over time, the Institute has the potential to become the focal point of a strategic network of research ‘nodes’ that reflect industry priorities, and reinforcing the good work being done in other industry-led R&D efforts.”

The National Institute for Forest Products Innovation will have two nodes, which expected to provide the Institute with a broad coverage of both sustainable natural forest and plantation sectors:

  1. in Mt Gambier
  2. in Launceston (Tasmania)

Earlier the Tasmanian Government committed funding to establish a National Institute for Forest Products Innovation node.

Source: Woodbizforum