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

 


BOC says second CO2 source to meet growing demand

BOC says second CO2 source to meet growing demand from dairy, food processing

By Jonathan Underhill

June 27 (BusinessDesk) - BOC, the New Zealand unit of the world's largest industrial gas company, says a deal with NZ Refining gives it a second source of carbon dioxide (CO2) it can process to meet growing demand from the dairy, food processing and beverage industries.

The local unit of Germany's DAX 30-listed Linde Group estimates current New Zealand consumption of liquid CO2 is about 60,000 tonnes a year

BOC is building a $40 million processing plant at Marsden Point, after agreeing to a 15-year contract to take carbon dioxide from New Zealand Refining's plant, which will have capacity of more than 50,000 tonnes of saleable, food-grade liquid CO2 a year, allowing for demand to almost double.

"There is significant forecasted growth in the demand of CO2 in New Zealand," BOC said in an email. "An example of this is the major NZ dairy industry, which requires significant volumes of CO2 for the modified atmosphere packing of its products for export to the rest of the world."

BOC currently sources CO2 from a third party supplier it didn't name and said the Marsden Point plant will give it a second source of the industrial gas "to enhance the reliability of supply and volume available of CO2 to BOC's customers."

NZ Refining, which supplies about 80 percent of New Zealand’s refined fuels, is able to show a consequent 50,000 tonne a year reduction in its CO2 emissions, adding to the 120,000 tonne reduction it expects from its Te Mahi Hou project due to come on stream next year.

To turn the feedgas into food-grade CO2, it is pressurised to 20 times atmospheric pressure (20bar), dried and purified and then cooled to about -25 degrees C where it condenses to a liquid and can be distilled.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news