Kangaroo Island Plantation Timbers (ASX:KPT) emerges from the ashes SubscribeBe the first with the news that moves the market Kangaroo Island Plantation Timbers (KPT) is ending 2020 with a win, securing a $5 million grant from the Forestry Recovery Development Fund Funding will go towards a biomass pellet mill plant on Kangaroo Island capable of processing fire-damaged timber that can't be sold on export markets The announcement comes as something of a full-circle moment for the company after it lost staggering 95 per cent of its crops to Australian wildfires earlier this year, forcing the company into a two-month voluntary suspension Biomass pellets are a carbon-neutral form of fuel used for power generation in established markets across Japan, North America and Europe