Farai Mabeza, Senior Staff Writer 
BORDER Timbers says it has secured funding for a biomass partnership project with two unnamed tobacco companies.
In a statement accompanying the company’s financials for the year ended June 30, 2023, Border Timbers’ chairman, Elias Hwenga, said 1 327 hectares (FY2022: 713 hectares) were planted, a significant improvement compared to prior year.
“A total of 6 400 hectares at 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 tobacco production with a sustainable source of energy for curing,” Hwenga said.
The company was placed under judicial management in January 2015.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
