Since 2012, Precious Woods held a 40% stake in BK Energia Ltda. which generates energy from Precious Woods Amazon's biomass. Recently Precious Woods acquired the remaining 60% from the coinvestor, thus gaining full control of the company. The company was subsequently renamed MIL Madeiras Energia Renovável Ltda.
In addition to steam and electricity for its own industrial needs, 50% of the electrical energy required by the nearby city of Itacoatiara is now produced and supplied through MIL Madeiras Energia Renovável Ltda. In future, Precious Woods wants to expand the capacities in the sawmill and produce more energy at the same time.
Fabian Leu appointed as Chief Technical Officer (CTO) and Markus Pfannkuch as Chief Sustainability Officer (CSO), strengthening the management team. The CTO is responsible for the processing industries and the CSO for forestry operations and certification activities. Both have been with Precious Woods for many years, including several years with Precious Woods Gabon.
Precious Woods is an international company active in the sustainable management and use of tropical forests. The company’s core activities include sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products.
