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.
Tungamah's police officer Haydn Smith is about to leave the beat.
Police are currently at the scene of a double fatal collision involving two cars in at the Cahill Road, Gilmore Street and Woods Road intersection in Yarrawonga.
Tatura Community House held its annual High Tea fundraiser at the facility on Tuesday, with a full-house present to enjoy a sumptuous morning tea, good conversation and relaxing time together.
The Echuca construction team behind Junction Moama has taken out one of the top honours at a regional building awards ceremony.
Rochester Historical and Pioneer Society hosted an afternoon tea to recognise long-standing members Barrie and Flora Griffin and John and Margaret Harley.
About 7600 residents served by Goulburn Valley Water are affected by a boil-water advisory.
Scone Equine Hospital relaunches local veterinary practice.
A beauty pamper day has raised a whopping $18k to assist local lady Terri Bevan with her ongoing medical costs associated with her brain tumour
A planning scheme amendment to allow the expansion and redevelopment of the IGA supermarket at Heathcote has been approved by the Victorian Planning Minister Richard Wynne.
The second Koonoomoo Pickers and Packers Charity Ball came to town on the weekend, and was bigger and better than ever.
An exciting three-hole playoff saw Virginia Lange take a narrow win in the Deniliquin Ladies Golf Championship last Thursday.
The G-MW Murray gravity irrigation system has received 35 per cent and the Goulburn system 42 per cent of allocation from July 1.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
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.