Oji Holdings has entered a partnership with New Forests to establish the Future Forest Innovations Fund, a corporate forest investment fund to help it achieve its 2030 environmental goals. The partnership sees an almost US$300 million investment from Oji Holdings, along with a co-investment from New Forests.
Oji will seek to invest in productive plantation forestry assets in Southeast Asia, North America, Latin America and Africa, that both generate a financial return and provide considerable climate benefits, through the fund. Oji will target an additional 1.5m tCO2e per annum of net sequestration by 2030 from the forestry assets it acquires.
Oji Holdings is already a major investor in plantation forests globally with 635,000 hectares and through this partnership, seeks to invest in an additional 70,000 hectares of plantation forests, across greenfield and brownfield assets in the four main regions.
The Future Forest Innovations Fund has been established as an open-ended, Variable Capital Company (VCC) registered in Singapore.
