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

Tasmanian Government committed AUD 2 million in its State Budget to establish a National Institute for Forest Products Innovation node in Launceston, Tasmania. The investment adds funding to the existing funding by the Federal Government, providing the initial two nodes of the Institute a total of AUD 6 million to date.

The other Institute node will be located in Mt Gambier, South Australia. The initial two nodes will provide the Institute with a broad coverage of both sustainable natural forest and plantation sectors.

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

“The Institute will focus on key areas of competitive strength and accelerate the emergence of innovative, higher-value focused sectors of the forest products industry. In a carbon constrained global economy in which renewable resources are at a premium, the Tasmanian Government’s pledge is a vote of confidence in Tasmania and recognition that the forest products industry can play a key role in Australia’s innovation future.

The Institute has the potential to become the focal point of a strategic network of research ‘nodes’ across Australia that reflect industry priorities, and support the ongoing good work being done in other industry-led R&D efforts.”

Source: Woodbizforum