A 14-month project will study the feasibility of creating biofuel from the waste product of forestry harvesting and processing, following approval of a government and industry research study on the subject.
Material such as sawdust, bark and harvest residue, currently of little or no value, could become a valuable new revenue stream, if commercially converted into biofuel.
“This study is potentially the first step in a very exciting new revenue stream for the forestry industry,” says associate Primary Industries minister Jo Goodhew.
“It would also mean improved economic resilience for our valuable forest industry – from landowners and forest owners to wood processors, and increased employment and regional prosperity in regions that rely on forestry operations and processing,” she adds.
The $13.5 million ‘Stump to Pump’ project has received approval through the Primary Growth Partnership managed by the Ministry for Primary Industries, with government funding representing half of the investment.
Image credit: Axel KR
Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).
Idealog is part of ICG. We work with clients like Woolworths New Zealand, All Good, Huffer, Liquorland, Resene, Citta Design, TVNZ, Spark and FCB on their event activations, in-store, in-office or out-of-home signage, content creation and vehicle wraps.