WA Sandalwood Plantations (WASP), established in 2001, is a leading player in the sandalwood industry and is the world’s largest manager of Australian sandalwood (Santalum spicatum).
WASP owns and manages on behalf of sophisticated and institutional investors over 19 million trees grown on 13,000 hectares located in the central wheatbelt of Western Australia where sandalwood has naturally occurred for thousands of years. The WASP sandalwood production system is the combination of 20+ years of sandalwood R&D, 15 years of developing commercial plantations and 7 years of managing institutional capital within the sector. Our unwavering focus on producing a sustainable supply of quality sandalwood has resulted in the company becoming the leading supplier of plantation wood to incense manufacturers and oil distillation companies globally. With our early plantations now maturing we continue to unlock value from this precious resource for our investors and enjoy a first mover advantage.
WASP’s co-founder Ron Mulder started a propagation business in 1995 which included the supply of trees to revegetation and land care projects located in the Western Australian Wheatbelt. Many of these early mix specie landcare projects included the native Australian sandalwood tree Santalum spciatum. Upon the deregulation of commercial farming of sandalwood in the 1990s and with increasing experience in Australian sandalwood, Ron was ideally placed to transition this knowledge to developing commercial plantations. In 2001 Ron Mulder and Keith Drage founded WASP with a view of rolling out and developing sandalwood plantations on behalf of investors. Starting with an initial 15 hectares, WASP has gone on to establish and manage over 13,000 hectares becoming the world’s largest manager of Australian sandalwood (Santalum spicatum).