The $90 million ethanol plant proposal for Deniliquin has sparked the interest of potential investors.TYLA HARRINGTON March 5, 2014 4:54am
Potential investors are ‘‘very interested’’ in the $90 million ethanol plant proposal for Deniliquin.
Representatives from Korean company Dongmun Greentec accompanied representatives from NH Investment & Securities, a Korean company interested in backing the project, on a tour of Deniliquin on Wednesday.
A NH Investment & Securities representative said ‘‘we’re not committed to anything but we are very interested’’ when in Deniliquin.
Prior to travelling to Deniliquin, NH Investment representatives and Dongmun Greentec president Sung Ho Joo met with Member for Farrer Sussan Ley and a senior advisor for Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss in Canberra on Tuesday.
Deniliquin Mayor Lindsay Renwick was also at Tuesday’s meeting in the nation’s capital.
Cr Renwick said the discussions in Canberra were based around getting a natural gas connection to Deniliquin, which he says Ms Ley is fighting for.
‘‘‘I’m fully confident (progress on the ethanol plant proposal) is moving ahead as it should be,’’ Cr Renwick said.
‘‘It’s actually coming to fruition quicker than expected.
‘‘(Council manager economic and business development) John Harvie is working hard behind the scenes to secure the plant.’’
Mr Harvie said a natural gas connection would benefit the plant immensely, with Greentec confirming the daily gas requirement for the plant will be the equivalent of two B-Double gas tankers.
‘‘Natural gas is important for the project,’’ Mr Harvie said.
‘‘A natural gas connection would also benefit surrounding areas of Deniliquin as well as several other industries.’’
Construction of the proposed ethanol plant, which would use locally sourced grains to produce fuel and other by-products, is still hoped to begin by May or June.
An application to build the Deniliquin plant was lodged with the NSW Government Planning Department late last year.
A 147.18ha industrial block on the Barham Rd has been declared the preferred site for the plant, which is expected to generate an estimated 40 to 50 permanent jobs at the site and has the potential to inject $200 million into the local economy per year.
It would also create approximately 500 jobs during construction.
The plant will be large enough to produce 110,000 kilolitres of ethanol each year and up to 92,000 tonne of dried distilled grain.
It will also need 300,000 tonne of low-grade grain each year, which would be purchased regionally.
The grain is cleaned and steamed in a multi-step process to create liquid and solid ethanol products.
Infrastructure will include several grain storage silos, a wastewater treatment facility and a process water area which will be irrigated with treated wastewater as part of a recycling system.
The project is still dependent on approval from the NSW Government.
The company is expected to find out if they have been successful by the end of March.
BREAKING: One person has died after a car crash overnight in Locksley.
At the presentations located at the half-way mark of YMGCR's Lake Course, PGA Legends Co-Ordinator Andy Rogers said, "It's been a great three days.
Tatura’s rainfall for the last three months of 2015, 116.6mm, was marginally down on the long-term average for the same period, 120.8mm.
THE NSW Government has suspended Murray Shire council and appointed an administrator while a public inquiry examines allegations of councillor misbehaviour.
SOME people just like giving back.
More of the districts newest preps
The Finley community will always remember the tremendous Trevor Hendy, who was friends with everyone.
TOOLLEEN Recreation Reserve Committee of Management presented three awards on Australia Day in front of 80 local residents.
A first-hand account of the terrible conditions drought-stricken farmers are facing in Queensland has prompted a local service group to jump on board and donate towards an upcoming Burrumbuttock Hay Run.
Deniliquin doctor Marion Magee says she is disgusted with the treatment of local nurses.
After 27 years of dairying, Undera farmer Rob Backway gave up 130 cattle to move into cropping — and he has never looked back.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.