OneFortyOne Invests $30M to Power a Sustainable Future

OneFortyOne Invests $30M to Power a Sustainable Future

OneFortyOne Invests $30M to Power a Sustainable Future
OneFortyOne, a company that manages forests and sawmills in New Zealand and Australia, announced a major investment to the tune of almost $30 million in a renewable biomass power generation project at its Jubilee Sawmill in South Australia. The investment forms part of a much bigger $90 million project undertaken in an effort to convert the sawmill's form of energy production to a more sustainable one in that it uses biomass—a renewable energy source. Biomass Power Generation at Jubilee Sawmill It is a project that stands as a significant step, not only because it expands new mechanized wood processing into the north of the state but also because it provides multiple public benefits, most notably through the elimination of dependence on fossil fuels, reduction in carbon emissions, and efficiency of energy use. Jubilee Sawmill will be provided with a new boiler along with a steam turbine, which will use wood waste generated on-site to produce electricity. According to OneFortyOne, the turbine itself will produce more electricity than the amount required by the sawmill, and the surplus that would be generated may be fed back into the local power grid or utilized to power equipment on-site, like forklifts and trucks. Revitalizing a Facility That Stands 70 Years Old in Aramaic Almost 70 years of service mark this Jubilee Sawmill, and this investment is considered a crucial modernisation of the site. The replacement of the boiler shown here will be enough to get this sawmill back on track - on to a very profitable and efficient future. The company will reduce its carbon footprint overall by utilizing biomass: defined as an organic material formed by wood chips and other wood waste. This act of investment into renewable energy will ensure not only the long-term life of the sawmill but also contributes to bigger environmental and economical ends. It will recycle wood waste product from the sawmill, which otherwise stands as by-product of their functioning and thereby will able to produce sustainable power, lessen the reliance on external energy sources, and reduce their release of greenhouse gas. Benefits Beyond Power Generation Benefits from this investment don't only accrue to this point of generating power. As a commercial business in using biomass, it puts OneFortyOne on global sustainability trends, particularly in the forestry and timber industries. Using renewable resources for energy generation reduces the company's impact on the environment while forming part of overall carbon emissions reductions in the region. In addition, surpluses produced by the installed turbine could feed into the local power grid. This will mean that, in addition to powering the sawmill, the project will provide renewable energy to the community around it, further enhancing the company's role as a good corporate citizen. Boosting South Australia's Economy and Environment South Australia has been trying hard to gradually shift its reliance to renewable energy sources. In consonance with this general thrust of the state toward carbon-emission reductions and increasing the proportion of renewable energy in its energy mix, this investment in biomass power generation places the Jubilee Sawmill project on a par with best practices. Prospects Ahead This $30 million investment in biomass power generation from the Jubilee Sawmill marks an enormous leap forward for OneFortyOne to reduce the company's environmental footprint and streamline its operational efficiencies. Initiatives like this underscore that even older sectors, such as the forestry and timber industry, might still have significant roles to play in the global push toward sustainability as the world pinpoints the global effort to minimize carbon and create renewable sources of energy. By updating the ageing infrastructure of the sawmill and introducing modern biomass power generation technology, OneFortyOne is poised at the forefront of sustainable forestry management. Such a project will have the potential to provide positive environmental and economic feedback and will support the region's broader renewable energy goals while ensuring one of the state's key industries is sustainable for the long term. Conclusion Biomass power generation investment by OneFortyOne at its Jubilee Sawmill is one forward-looking step underlining, not only the commitment of the company towards sustainability and innovation in policy, but also the availability of power at its sawmill by effective cutting down of carbon emissions. This practice would likely be followed by other players in the forestry business to build more sustainable development practices. Source: OneFortyOne

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow