Northern Australia could play a significant role in the future of the nation’s forestry industry, Minister for Resources and Northern Australia Matt Canavan said today.
Minister Canavan was speaking in Cairns at the launch of a $200,000 project funded through the Cooperative Research Centre for Developing Northern Australia (CRCNA) to identify the growth potential for northern Australia’s forestry industry.
“This project will provide a road map to stimulate and drive future industry growth,” Minister Canavn said.
“A total of $209,300 will be invested through the CRCNA in a research collaboration with Timber Queensland, the Northern Territory Department of Primary Industry and Resources, the Queensland Department of Agriculture and Fisheries, and the University of the Sunshine Coast.
“The 10-month project will also work with several key industry stakeholders, including the Forest Products Commission Western Australia, Plantation Management Partners, Midway, HQPlantations, Simms Group, DTM Timber/Branch 95, Quintis Ltd and Alpha Santanol.
“The research will examine issues facing the industry and opportunities for future growth.
“The findings will allow Indigenous and non-Indigenous landholders, stakeholders, investors and policy-makers to make informed decisions regarding developing sustainable forestry enterprises in northern Australia.”
The CRCNA’s northern Australia forest and forest products industry situational analysis project is one of eight industry situational analyses funded by the CRCNA.