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The first company in North America to produce insulation from wood fiber, TimberHP will install equipment and software to capture energy and raw material usage data.
The town dropped a lawsuit against the business for display violations. The owners sees untapped potential for the business and land, but lacks the cash and energy "to reach the next level."
In addition to working with red spruce, Bourgeois Guitars seeks to cultivate market appetite for the sustainable domestic "tonewood" species found in Maine’s northern forests.
Collaborations will integrate diverse fields such as artificial intelligence, wood-derived alternatives to plastic, and rural development, in order to foster resilient forest communities.
The dormitory on the Bar Harbor campus uses mass timber, paired with wood infill walls and wood-fiber insulation. The construction sequesters carbon and is expected to meet Passive House energy standards.
The startup, which manufactures wood-fiber insulation at a former paper mill in Madison, has entered a deal with a French company to expand distribution into Canada.
The site presents redevelopment opportunities, said the buyer, who is meeting with the town, along with Hancock County and other local interests, to see what’s needed.
Some old industries demonstrate how to innovate and stay relevant amid change and how to be resilient amid challenges, experts at Trade Day said.
The grants will go to Treeline Inc. in Chester, Godfrey Forest Products LLC in Jay and Tanbark Molded Fiber Products in Saco.
Loggers are excluded from disaster relief available to other industries. Proposed legislation would unlock federal assistance for damage from high winds, fire, flooding, insect infestation and drought.
Guest columnist Derek Volk, CEO of Volk Packaging Corp., writes that Maine companies are saddled with high costs, greater tax burden and more regulations than more competitive states.
Development of the former mill, which had an industrial explosion in 2020 and closed last year, will focus on businesses looking to be near forest resources. About 1 million square feet of industrial space will be available.
Landry, a 2021 Mainebiz Woman to Watch, will end a tenure at the Lincoln hospital that includes successfully leading it through a Chapter 11 bankruptcy and reorganization.
The EU Deforestation-Free Regulation is set to take effect in 2025, and could affect U.S. businesses exporting forest commodities and products.
The listing went live this week and has already garnered inquiries from owner-users and investors. Robbins Lumber acquired the plant last year from Pleasant River Lumber Co.
A 2024 Business Leader of the Year, Melissa LaCasse, secured $3.2 million in pre-seed funding and used her skills in distribution, business development and strategic planning to position Tanbark for success.