Biodiesel New Zealand reconsiders expansion
Solid Energy’s subsidiary Biodiesel New Zealand is proceeding with its development plans, increasing capacity at its existing Christchurch facility to 4 million litres a year, but reconsidering stage two of its plans.
In recognition of the economic conditions, the company is reviewing its next planned step to 15 million litres a year.
During 2009 Biodiesel New Zealand will complete the first stage of a new facility at Rolleston, near Christchurch, enabling the drying, cleaning and storage of up to 10,000 tonnes of locally grown rapeseed.
Expanding production capacity at the existing plant in Christchurch from 1 to 4 million litres will allow more time to consider the optimum timing, size and location of any future biodiesel production site.
‘Biofuel pricing is tied closely to its conventional equivalent but we believe this recent sharp dip is only temporary,’ Andy Matheson, Solid Energy’s GM Renewable Energy, says. ‘Solid Energy has not changed its outlook that the price of energy, and particularly imported energy such as fuel, will continue to increase in real terms over the long term.’
Biodiesel New Zealand is now producing approximately 1 million litres of biodiesel a year primarily made from recycled cooking oil.
In recognition of the economic conditions, the company is reviewing its next planned step to 15 million litres a year.
During 2009 Biodiesel New Zealand will complete the first stage of a new facility at Rolleston, near Christchurch, enabling the drying, cleaning and storage of up to 10,000 tonnes of locally grown rapeseed.
Expanding production capacity at the existing plant in Christchurch from 1 to 4 million litres will allow more time to consider the optimum timing, size and location of any future biodiesel production site.
‘Biofuel pricing is tied closely to its conventional equivalent but we believe this recent sharp dip is only temporary,’ Andy Matheson, Solid Energy’s GM Renewable Energy, says. ‘Solid Energy has not changed its outlook that the price of energy, and particularly imported energy such as fuel, will continue to increase in real terms over the long term.’
Biodiesel New Zealand is now producing approximately 1 million litres of biodiesel a year primarily made from recycled cooking oil.
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