Supercritical CO2 offers an alternative method of removing wood moisture and reducing cellular collapse compared to traditional drying techniques. The technique has been previously demonstrated for Pinus radiata and Eucalyptus nitens dewatering and was modified in this study for New Zealand red beech (Nothofagus fusca) heartwood, which is notoriously difficult to dry without causing excessive distortion. The technique was also successfully extended to drying below the fibre saturation point. A specific dewatering and drying schedule was developed for N. fusca because of negligible dewatering using a schedule previously designed for wood with an open hydrofluidic network of interconnected vessels. An anatomical assessment confirmed lumen pathways were occluded with tyloses and polyphenol resins. A fluid dynamics assessment concluded that permeability measurements are recommended together with tortuosity and porosity information for improved wood species dewatering characterisation. Using the dewatering and drying schedule, collapse was successfully reduced by 92% for both normalised internal wood area and void collapse when compared to oven-dried samples. The beech specimens took 18 days to reach 17.3% moisture content (MC) but displayed some checking from early dewatering depressurisation, compared to air-dried control specimens which showed no collapse or checking but took 6 months to reach 12% MC. Supercritical CO2 dewatering and drying could be combined with extractives separation, preservative treatment, and mechanical forming of wood in one plant to make a potentially economically viable process with improved energy, environmental and carbon footprints. A techno-economic analysis is suggested to fully compare supercritical drying of wood against conventional drying operations.