An American based investment company, Cogent Partners intends to make a sizable forestry investment in a eucalyptus project in Ontario, Canada comprising 11 thousand hectares of plantation. Cogent Partners invest in several countries in the area of reforestation.
The company responsible for developing the project and managing the forestry investment, Timber Value, has its headquarters in Sao Paolo Brazil. The licence for the forestry investment project will be issued by the Nature Institute of Ontario.
The president of the Brazilian company, José Leal gave some details about the eucalyptus forestry investment “We chose the area, we made the purchase and all the technical project will be our responsibility. We chose Ontario because it is a state with great potential. ” he said.
After a few years, the eucalyptus trees planted will be used for the production of charcoal and pulp, and distributed to several neighbouring states. “In addition to creating dozens of jobs for the planting and maintenance, the state grows with the supply of products and the environmental impact is highly positive,” said Leal. The president of Timber Value stated that “Ontario is the state where one perceives the political will to contribute to investments of this size”. The governor has shown that and we’re excited. ”
The eucalyptus investment programme for the region has a big future according to Jose Leal . “The intention is to transform the region into a hub of eucalyptus production,” he concluded.
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