Tackling climate change is an ongoing priority for Government, Wilson said. Investigating the potential to manufacture biofuels from New Zealand wood could supercharge our efforts and deliver significant returns for our forestry and wood processing sector, rural communities, and economy.
He said although a biofuels industry had the potential to provide new jobs and boost regional centres, it would require significant investment , so it s crucial a thorough business case be carried out before any further moves are made. We re excited by the potential of producing biofuels in New Zealand and we are committed towards working with the forestry and wood processing sectors to explore this opportunity, which could have lasting benefits for New Zealand.
Source: Ministry for Primary Industries
Te Uru RÄkau â New Zealand Forest Service is laying the foundations for a new biofuels industry, to turn forestry waste into a potential billion-dollar industry, and working on a business case with help from global investment experts Indufor Asia Pacific Ltd.
âEstablishing a biofuels industry in New Zealand will require significant investment, so weâre moving ahead with developing the business case for this investment,â says Jason Wilson, director of sector investments at Te Uru RÄkau â New Zealand Forest Service.
Mr Wilson says research shows a biofuels industry would help New Zealand to meet its emissions targets and provide jobs and new industries in our regional centres.
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Forest HQ sitting good for Te Arawa 30 Apr 2021 08:57 AM Photo: Radio Waatea Image Database.
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