Seaport Research Reworks its View on Weyerhaeuser (WY) After Q3

On December 10, Seaport Research lowered its terms people connected Weyerhaeuser Company (NYSE:WY) to $33 from $35 portion maintaining a Buy rating. The accommodation reflects the company’s third-quarter results.

In abstracted news, Weyerhaeuser Company (NYSE:WY) and Aymium announced that they person signed a memorandum of knowing (MOU) to enactment unneurotic connected producing and selling 1.5 cardinal tons of sustainable bicarbon each twelvemonth for usage successful metals manufacturing. As the archetypal measurement successful this partnership, the 2 companies person created a associated task called TerraForge Biocarbon Solutions. The task volition physique a jointly owned installation adjacent to Weyerhaeuser’s lumber mill successful McComb, Mississippi, wherever wood fibre volition beryllium converted into bicarbon utilizing a low-emissions, combustion-free process.

Under the agreement, some companies program to unafraid semipermanent income contracts and place locations for respective caller accumulation facilities crossed Weyerhaeuser Company (NYSE:WY)’s footprint implicit the adjacent 5 years. The enlargement volition harvester WY’s extended timberlands and manufacturing web with Aymium’s proprietary exertion and agelong grounds of producing bicarbon products.

Once afloat scaled, the web of facilities could person much than 7 cardinal tons of wood fibre supplied exclusively by Weyerhaeuser Company (NYSE:WY) and nutrient 1.5 cardinal tons of metallurgical-grade biocarbon each year.

Weyerhaeuser Company (NYSE:WY) is 1 of the largest backstage owners of timberlands globally. Founded successful 1900, the institution contiguous owns and controls astir 10.4 cardinal acres of timberlands successful the US.

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Disclosure: None.