CoreLite signs balsa wood supply agreement
Photo credit: CoreLite
CoreLite (Miami, Florida, USA), a global manufacturer of advanced balsa and foam materials for high-performance composite applications, has signed a long-term cooperation agreement on balsa wood plantation with the local government of the province of Los Rios in Ecuador in a public ceremony on December 2. This agreement provides for the planting and harvesting of balsa wood plantations throughout the province of Los Rios over a period of five years with a target number of 2,500 hectares. The main objective of this agreement is to bring technological development and the creation of new jobs to Ecuador. In addition, it is also possible to restore the natural ecosystem of the province, balsa wood being an endemic wood species in this region.
“This agreement will create several income opportunities that will change the lives of local communities in the province of Los Rios with a fully sustainable product that is commonly used in wind power applications,” said Johnny Teran Salcedo, Prefect of the province of Los Rios, Ecuador.
This public-private partnership will also ensure the availability of a raw material of sustainable and legal origin for the production of balsa wood panels that CoreLite manufactures and distributes worldwide.
“This is part of CoreLite’s global sustainability initiative to promote responsible forestry, reduce the carbon footprint, while ensuring future availability of raw materials,” adds Paul Lewis, CEO of CoreLite.