VicForests has been left without a market for hundreds of thousands of tonnes of residual timber. Photo: Andrew Quilty
Victoria's low grade native timber could soon be packed into shipping containers bound for China and other cut-price countries for processing under a plan to help ailing state timber company VicForests.
Leaked business and corporate plans from Victoria's state-owned forestry business, VicForests, reveal multi-million dollar taxpayer losses and logging operations in parts of the state that 'are not commercial'.
The revised Renewable Energy Target (RET) currently before Parliament would provide a market for otherwise unsaleable timber, according to a document from Victoria's state-owned forestry business, VicForests, obtained by the ABC.