Z Energy, Norske Skog seek look to wood wastesFriday 15 Feb 2013  Z Energy and Norske Skog, which operates a paper mill at Kawerau in New Zealand, are seeking majority government funding for a proposed NZ$50 million demonstration plant to turn wood waste into transport fuels.Z chief executive Mike Bennetts announced the plan at a conference in Wellington, at the same time as revealing the 100 percent New Zealand-owned fuel retailer is close to committing around NZ$15 million on a project to blend bio-diesel made from tallow into its conventionally sourced diesel supplies. Bennetts told BusinessDesk that Z and Norske, which halved newsprint production at its Kawerau plant last year, will seek government support under the four year old Primary Growth Partnership scheme, which sets aside NZ$70 million a year for partnerships with industry to generate economic growth from the country's primary sector. Bennetts said the two firms' "stump to pump" strategy aimed to make use of the fact that sawdust and forest residues could generate "about 10 percent of our crude oil requirements", although that would require investment of perhaps NZ$1 billion over several years for 10 such industrial plants. More >> |
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