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Leaf Resources Limited ( (AU:FGH) ) has issued an announcement.
Foresta Group Holdings’ New Zealand subsidiary has secured a NZD$35,000 grant from Ara Ake, the national energy innovation centre, to fund an independent review of its proposed Torrefaction after Pelletisation (TAP) technology. The review will assess the technical feasibility and viability of TAP to bolster investor and stakeholder confidence and supports the development of Foresta’s flagship low-emissions energy project in Kawerau, further strengthening the company’s technical positioning in renewable biomass solutions.
More about Leaf Resources Limited
Foresta Group Holdings is a natural and renewable pine chemical and biomass pellet manufacturing company positioning itself as a leading global supplier in these markets. It has developed a proprietary process that uses the tree’s own solvent chemicals to extract rosin and terpenes, which are used as key inputs in industrial products such as adhesives, gum, inks, paint, car tyres and perfume.
Average Trading Volume: 644,971
Technical Sentiment Signal: Sell
Current Market Cap: A$57.16M
For detailed information about FGH stock, go to TipRanks’ Stock Analysis page.