What lies ahead in the wood products industry?

Framework, Oregon's 1st Proposed All-Wood High-rise

Framework, Oregon’s 1st Proposed All-Wood High-rise

“The Wood Innovations Grant Program helps create jobs in rural communities and keeps our forests healthy. By investing in strong markets for forest products, we can incentivize sustainable forest management and sustain our rural communities.” – U.S. Forest Service Chief Tom Tidwell. 

The future is certainly bright for wood products and wood energy industry! A short time ago, the U.S. Forest Service announced over $8.3 million to expand and accelerate wood products and wood energy markets. This increase will mean a total investment of over $45 million in funds from 36 business, university, non-profit, and tribal partners in 19 states. From 2013, this funding has aided in the establishing of 22 Statewide Wood Energy Teams and six Statewide Wood Utilization Teams.

Furthermore, the 2017 Wood Innovations Grant Recipients include the Arkansas Wood Utilization Council, Camptonville Forest Biomass Business Center Bioenergy Facility, Mammoth Lakes Integrated Biomass Waste Processing Center, and the Great Plains CLT market Development through Architectural Education to name a few.

On June 6, Portland officials approved a plan for the first all-wood high-rise in the United States dubbed Framework. A fitting name for what may lay the framework for other-similar all-wood high-rises to appear throughout the country. These projects are not just good for the wood industry — they are good for the country. As Gov. Kate Brown said. “Oregon’s forests are a tried and true resource that may again be the key to economic stability for rural Oregon.”

The Timber Innovation Act is another possible indicator of bright things to come. Should the bill gain Congress approval it will bring forth incentives and measures to create innovation in the timber industry and to help further development of CLT structures in the USA.

The future is no doubt a positive one for Wood Products and Wood Energy; we can’t wait to see what else is in store in the next few months.

Sources:

Forest Business Network

Washington Post

CBC

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