Posted By : Daniel Kiernan on August 31st, 2011
Location : forestry
A new Brazilian timber investment fund has attracted support from Forestry Research Associates (FRA), a research and analysis consultancy that concentrates on the forestry industry.
The new VBI Timberland Fund intends to raise $350 million through the scheme, which it will then invest in sustainable forestry projects in Brazil. The fund is aiming to put most of the money towards plantations of eucalyptus, a timber that is popular in the manufacture of furniture and can also be used in the steel industry once turned into charcoal.