BORDER Timbers says it has secured funding for a biomass partnership project with two unnamed tobacco companies. “A total of 6 400 hectares of Tilbury Estate has been set aside for the Biomass establishment in partnership with two tobacco companies.
“Funding for the project has been secured and this is expected to further strengthen the company’s biological asset, at the same time supporting the tobacco production with a sustainable source of energy for tobacco curing,” Border Timbers’ chairman Elias Hwenga in a statement accompanying the company’s financials for the year ended June 30, 2023.
“Plantation fire damage remains the major business risk, particularly arson. During the year, the company lost 327 hectares (FY2022: 235 hectares) which is higher than the previous period.