Timberland Investment
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Pardee Resources Company acquires Virginia timberland

Pardee Resources Company acquires Virginia timberland | Timberland Investment | Scoop.it
PHILADELPHIA, Oct. 13, 2015 /PRNewswire/ -- Pardee Resources Company (OTC: PDER) (the "Company") reports that a subsidiary has recently closed a transaction for the acquisition of 9,741 acres of softwood timberlands located in Culpeper, Fauquier, Fluvanna, Greene, Orange, Spotsylvania and Westmoreland Counties, Virginia. The Company invested $17 million for the acquisition of these properties, which amount was funded through available cash and bank financing. "This investment represents the Company's second softwood timberland investment, having acquired 7,728 acres of Virginia properties in 2010, and further diversifies our Timber Portfolio while expanding our softwood platform," said Carleton P. Erdman, President and Chief Executive Officer.
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$1,745 per acre, generally in line with what other southern pine plantation properties have sold for in recent years.

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Timbervest LLC Purchases an Additional 20,000 Acres of Timberland for Investment Fund

Timbervest LLC Purchases an Additional 20,000 Acres of Timberland for Investment Fund | Timberland Investment | Scoop.it

Timbervest LLC, an Atlanta-based company that manages timber-related assets and investments, today announced it acquired an additional 20,000 acres of timberland through two acquisitions for its Timbervest Partners III, LP (TVP III) investment fund. The $480 million commingled fund consists of approximately 260,000 acres of timberland located throughout the country and is comprised of institutional and high-net-worth investors.

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Jasper, Alabama Property

The 6,700-acre property consists of several large tracts of land in northwest Alabama, located approximately 50 miles west of Birmingham and 45 miles north of Tuscaloosa.

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The Jasper property contains a large amount of high quality, harvestable and mature timber, as well as significant quantities of fast-growing young plantations that will reach merchantability during the fund’s life.

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Azalea, Virginia Property

Located east of Interstate 95 on the Virginia coastal plan, the 14,000-acre Azalea property is 65 miles south of Richmond and approximately 30 miles from the North Carolina state line. It has a long history of industrial timberland management and almost all of the acreage consists of pine plantations of various age classes.

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State acquires 2,855 acres in Suffolk for preserve

State acquires 2,855 acres in Suffolk for preserve | Timberland Investment | Scoop.it

More than 2,800 acres of old timberland in Suffolk will become part of a new state nature preserve.


The Virginia Department of Conservation and Recreation recenlty acquired the property for $2 million. It previously was owned by International Paper.


The property and a 297-acre tract in Southhampton County will become the South Quay (KEE') Sandhills Natural Area Preserve.

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Virginia: timber growers and loggers riding wave of prosperity

Virginia: timber growers and loggers riding wave of prosperity | Timberland Investment | Scoop.it

With the recent opening of International Paper's new fluff fiber mill in Isle of Wight County and deals inked for one of two proposed wood-pellet manufacturers, loggers and timber growers are seeing green.


Locally, the price of pine wood pulp -- the primary product that International Paper uses to produce fluff fiber for diapers, feminine hygiene products and medical wipes -- has surged by nearly 30 percent over the past six months, said Kea Turner, an Isle of Wight forestry consultant who manages about 10,000 acres of timberland in southeastern Virginia and northeastern North Carolina.


In Suffolk and Isle of Wight County, growers today are receiving an average of $8 to $9 per ton, up from around $6 in January, Turner said. Prices still vary depending on age and condition of trees, demand and size of the timber stands, he added.

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Molpus Woodlands Group Announces the Acquisition of 36,283 Acres in Virginia

Molpus Woodlands Group Announces the Acquisition of 36,283 Acres in Virginia | Timberland Investment | Scoop.it

The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization (TIMO) headquartered in Jackson, Mississippi, has announced today, on behalf of its clients, the successful purchase of approximately 36,283 acres in Virginia.


Located in twenty-three counties surrounding the Richmond, Virginia, area, the primarily southern pine plantation property has been in timber production for decades and is located in a stable timber market and a growing bioenergy market area. The property offers unique recreational opportunities due to its proximity to major metropolitan areas such as Richmond and Fredericksburg, Virginia, and Washington, D.C.

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Local timber helps meet world’s needs

Local timber helps meet world’s needs | Timberland Investment | Scoop.it

The demand for wood pellets in Europe has gone up dramatically the past few years as power companies across the continent have switched from using fossil fuels to produce electricity to renewable energy alternatives.

According to a report from the North American Wood Fiber Review, exportation of wood pellets from North America to Europe reached a new record of 3.2 million tons in 2012, with U.S. exporters more than doubling their shipments.


Locally, Enviva Pellets – with one mill open in Ahoskie; another set to go online in Northampton County; and a third planned for Southampton County (VA) – is ramping up their operations to meet the increased demand for their product.


“Utilities around the world are increasingly turning to solid biomass fuels as a cost-effective means to deliver lasting reductions in the carbon intensity of energy generation,” said John Keppler, Chairman and CEO of Enviva. “As a key mid-stream supplier, Enviva and its growing capacity is positioned to sustainably source from one of the most robust natural resources in the United States the key renewable fuel for these growing international markets.”


Pellets shipped overseas from companies such as Enviva and others from North America increased over 60 percent from 2011 to 2012. The wood pellet export industry in North America has grown exponentially in a relatively short period of time. The export value has increased from an estimated 40 million dollars in 2004 to almost 400 million dollars in 2012. This fairly new trade development is the result of Europe’s quest to reduce its dependence on fossil fuels and to reduce CO2 emissions. Energy generation from renewable resources has, with varying pace, gone up in all countries in the European Union during the past decade.


Woody biomass, including wood pellets, is one energy source that has attracted both much attention and investments in a number of countries on the European continent. With limited domestic wood raw-material sources, countries such as the UK, Belgium and the Netherlands have increasingly relied on the importation of industrial wood pellets to reduce the usage of coal at some of their power utilities. The relatively high costs for wood pellets in Europe have resulted in increased interest in importing pellets from British Columbia and the southern states of the U.S. where wood raw-material costs are lower than in Europe.

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Pellet plant breaks ground in Va., brings economic growth

Pellet plant breaks ground in Va., brings economic growth | Timberland Investment | Scoop.it

Maryland-based Enviva LP broke ground on a new 500,000 ton per year pellet production facility in Southampton County, Va. The plant represents the biggest economic development opportunity in the county over the past 20 years.

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Most of the woody biomass will be sourced within a 50-75 mile radius of the facility, and on average, roughly 200 trucks will enter or leave the facility per day when the plant is operating at full capacity. According to Woodworth, the company plans to export most of the pellets produced at the Southampton facility to Europe.

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China re-opens timber ties with Virginia

China re-opens timber ties with Virginia | Timberland Investment | Scoop.it

China has agreed to re-open its market to imports of Virginia logs, reversing a yearlong trade barrier.

Bans by the Chinese government on poultry and logs from Virginia have proven to be ongoing challenges for the state’s agriculture, forestry and shipping sectors.

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