Friday, October 5, 2007

Phaunos Timber invests 2 mln eur in sustainable forestry in Indonesia

Phaunos Timber Fund Ltd, the UK closed-end investment company that bought Potlatch's poplar tree farm, "said it has committed a minimum initial investment of 2 mln eur and up to 4 mln eur in sustainable forestry in Indonesia, with the opportunity to scale-up the investment over time."
"These funds will be used by the scientific team working with the foundation to assist in the development and expansion of a novel closed-system of tropical forestry".

Read release.

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