Iceland could soon produce thousands of cubic meters of timber, generating ISK 1 billion (USD 7.8 million, EUR 6.4 million) per year.
Photo by ESA.
Icelandic forests for timber production have grown faster than expected. Hundreds of acres of forest are ready for use only 20 years after planting began, ruv.is reports.
Manager of Suðurlandsskóga (South Iceland Forestry Project), Björn B. Jónsson, says thinning could start as early as next year and begin with 3-5,000 cubic meters per year.
According to Björn, demand for timber in Iceland is high, but current production levels are not able to meet the demand, resulting in thousands of tonnes of timber being imported.
Björn says this presents the perfect opportunity for timber producers in Iceland to increase local production, resulting in positive effects on the economy.