RNE has a look at some CEFC programs to increase the use of biogas in Australia - Major beef processor turns to biogas to halve power bills.
One of Australia’s largest meat processors – and a major regional employer, providing 830 jobs – is among the latest recipients of funding from the Clean Energy Finance Corporation, in a deal to co-finance a major on-site energy project at northern NSW-based Bindaree Beef.
The CEFC announced on Tuesday it would provide up to $15 million, together with additional bank finance and an Australian Government Clean Technology Investment Program grant, to fund the installation of a biodigester and energy efficient rendering facilities to improve the efficiency and competitiveness of operations at Bindaree Beef.
As well as the biodigester, the funding will go towards development of an electricity generation facility using biogas (produced by the biodigester) as fuel, and a new more energy efficient rendering plant to replace the existing coal-fired plant and eliminate the use of coal. Screen Shot 2014-07-22 at 10.37.13 AM
The new equipment is expected to halve the company’s power bills and cut its annual carbon emissions by three quarters. The biogas plant will also create a new business revenue stream through sales of organic fertiliser – a by-product of the energy conversion process.
Bindaree Beef Director John Newton said securing finance from the CEFC – a $10 billion Labor government initiative, which remains on the Abbott government’s chopping block – had been integral to securing the interest of additional private finance, which, along with the government grant, would cover the total project cost. ...
In March this year, the CEFC contributed $20 million to a funding deal with Quantum Power Limited – Australia’s leading biogas company – to catalyse up to $40 million in biogas infrastructure aimed at helping farmers and manufacturers cut costs and boost productivity in the face of rising electricity prices.