OTTAWA, April 7 /CNW/ - The Forest Products Association of Canada (FPAC)
is pleased to announce the launch of a new Bio-pathways Partnership
Network aimed at exploring new business ventures that will help exploit
the economic opportunities of the emerging bio-age.
Network participants will come from such sectors as the chemical,
energy, pharmaceutical, auto, aerospace, and plastics industries as
well as other technology providers that can collaborate with the forest
products industry on extracting bio-chemicals, bio-energy and
bio-materials from trees.
"This is a welcome development stemming from our recent bio-pathway
reports. That study confirmed the social, economic and environmental
advantage of integrating these new bio-products in existing mill
operations. It also pointed to a myriad of market opportunities for
companies willing to invest in new green innovations based on wood
fibre," says the President and CEO of FPAC, Avrim Lazar. "We know that
business as usual will not work. Establishing partnerships will be a
win-win situation economically that will allow us to more quickly
transform the forest products industry."
An inaugural meeting of the network that took place earlier this month
in Toronto will be followed by meetings in British Columbia and
Alberta. Members are also working to set up a steering committee and a
secretariat to manage the network. The goal is to provide a forum for
the development of business to business relationships, to identify and
conduct research, to facilitate access to expertise in planning and
development of bio-products and to reach out to other potential
partners interested in innovation in the forest products industry.
"Wood fibre is one of Canada's most abundant natural resources and
extracting more value from that wood is a real game changer for the
Canadian forest products industry. It's about higher profits, more jobs
and furthering our environmental credentials. " says Lazar. "With this
new network, we are inviting other sectors to partner with FPAC members
to take advantage of the potential of the bio-economy with exciting new
products, new technologies and new markets."
Interested parties are encouraged to join the Network at http://www.fpac.ca/bio-pathways-partnership/
For more information on the Bio-pathways project please visit www.fpac.ca/bio-pathways
SOURCE FOREST PRODUCTS ASSOCIATION OF CANADA
For further information:
Executive Director, Public Relations
Forest Products Association of Canada