Woody debris left on hills led to catastrophic debris flows into waterways.
That led to a lack of environmental sustainability and, “worst of all”, loss of social licence.
“It’s pretty clear the industry is not sustainable.”
There were many non-compliance issues, he said.
“We can carry on. We can burn the woody debris on the hill.”
Alternatively, forestry could develop proper usage for woody debris, although it would not be easy.
Many things could be done with wood, particularly radiata pine, he said.
The industry had to be profitable and “enduring commercially”.
It needed to develop permanent riparian forests with commercial outcomes.
But “riparians” planted with native trees took a long time and was expensive.
“We really need to think hard about native trees.”
Permanent riparians were needed.
“We can’t be in there harvesting pine trees every 28 years.
Science needed to be embraced.
Mr Drummond said he was involved in two businesses working with tree breeding, chemistry and biology research.
The businesses were trying to extract carbon from woody debris and produce medicinal products, mainly manuka, from permanent riparian forests.
The two solutions to the woody debris issue worked in tandem in two businesses which would create 1050 full-time employee places and earn $560 million in gross revenue per annum, he said.