Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Argent Energy welcomes NZ’s move to biodiesel

Argent Energy welcomes NZ’s move to biodiesel

The discussion document on a proposed sales obligation for biofuels announced by the New Zealand government has been welcomed by Argent Energy New Zealand.

The company has been investigating producing biodiesel from tallow (animal fats) in New Zealand for several months but says no firm decision has been made on the location and timing for the construction of a biodiesel plant.

The New Zealand company is a subsidiary of Argent Energy UK, which operates the United Kingdom’s first large-scale biodiesel plant in Motherwell, Scotland. It has recently applied for planning permission to build a second biodiesel plant in Cheshire. That plant would have the capacity to process 150,000 tonnes of used cooking oil and tallow to produce 170 million litres of biodiesel a year.

Argent Energy UK’s development director, Dickon Posnett, has been appointed managing director of the New Zealand company. Mr Posnett has been involved with developing strategies for stimulating investment in the UK and the EU.

In welcoming the government’s discussion document he says if the introduction of biofuels is to be taken seriously as a means of providing a secure fuel supply and helping reduce carbon emissions, legislation should provide the encouragement needed for private investment.

Andy Hunter, chief executive officer of Argent Energy UK, says Mr Posnett’s appointment demonstrates the company’s commitment to developing a biodiesel business in New Zealand.

“We have carefully investigated a number of potential markets internationally and believe that New Zealand is ideally suited as a market for Argent Energy to develop,” he says.

Argent Energy uses state-of-the-art technology developed by BDI – an Austrian firm with collaborative links to the Universities at Graz in Austria - to produce high quality biodiesel.

Wilhelm Hammer, Managing Director of BDI, says he is delighted Argent Energy is actively pursuing the potential of expanding its operations both in the UK and internationally.

“We look forward to continuing to work in partnership with Argent to design and construct its first biodiesel plant outside the UK, in New Zealand,” he says.

Mr Posnett says his first priority will be to complete the study for a production facility. He says it is likely that the optimum size of plant would be capable of processing 75,000 tonnes of raw material a year to produce 85 million litres of biodiesel. This would displace more than 300,000 tonnes of carbon dioxide, the main gas responsible for global warming, he says.

Ends

Argent Energy website: http://www.argentenergy.com


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news