Foresta NZ Ltd is an innovative resource, energy and biotechnology sector company positioning itself to become a leading global supplier of natural and renewable pine chemicals and torrefied wood pellets which are a drop-in coal replacement. Foresta is in the process of establishing its first plant in New Zealand, which will use proprietary technology to extract natural pine chemicals, where they displace the need for petroleum-based chemicals and manufacture torrefied “black” wood pellets that can be used as a substitute for coal in commercial and industrial uses, including electricity generation.