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Locating, financing, constructing and operating wood-using bioenergy projects go beyond drafting a pro forma and wishing upon a star. The reality is complicated, difficult and time-consuming. Last year, we developed a methodology to help forest owners and other wood-market more…
The Mountain Pine Beetle (MPB) – like a ravenous, insatiable house guest – continues to feast on pine forests, primarily in British Columbia. Fortunately, according to the most recent update from researcher Adrian Walton of the BC Forest Service (May 11, 2010), more…
In the May issue of Wood Bioenergy South, we updated our conversion of gallons of cellulosic ethanol to 40 gallons per green ton of wood. This change was made based on research from the Department of Energy, which published an more…
“Inflation at 44-Year Low” trumpeted today’s headline from the Wall Street Journal. The news was pause-worthy at our shop because one of the most common arguments for investing in timberland is its purported potential to hedge inflation. Well, does it? more…
The New Yorker magazine published a cartoon in its May 17, 2010 issue of two trees talking in the woods. One says to the other, “Can you believe that people inhale the gases we expel – sick, right?” The cartoon more…
Managing the risk of forestry and timberland investments fits with the “circular flow of funds” approach to financial management, which focuses on two fiduciary objectives. One, raising and supplying the funds required for timber-related investments on favorable terms. Two, using more…
Securing sustainable and reliable sources of raw material is a critical component to mitigating operational risk and obtaining financing for wood-consuming bioenergy projects. Yet, this remains one of the most elusive and challenging elements for bioenergy project managers and investors. more…
Institutional and individual investors often ask, “what is the difference between investing in timberlands directly and buying stock in publicly-traded timberland-owning real estate investment trusts (timber REITs)?” In brief, one is direct ownership of a hard asset while the other more…
Capital Press – The company is most likely letting the market figure out how much the transaction is worth on a per-share basis, said Brooks Mendell, president of Forisk Consulting, a firm that tracks timber industry finances. The Internal Revenue Service more…
In evaluating the potential wood demand and timber investment implications of evolving bioenergy markets, we begin by organizing announced wood-using bioenergy projects into three technological categories: pellets, wood-to-electricity, and cellulosic ethanol. Then, as a first step, we screen out cellulosic more…