5 Dec 2019
Deputy Premier and Minister responsible for Forestry John Barilaro today announced a $3 million project to drive innovation and technology advancements in the NSW forestry industry.
Mr Barilaro said the successful applicant of the grant, Pentarch Logistics Pty Ltd, is adopting new technology and innovative practices to address the changing demands of the forest industry.
“I congratulate Pentarch Logistics and look forward to seeing their project come to life which involves the design, installation and commissioning of a briquette plant to compress and package high-value wood fibre products from forestry processing residues and waste,” Mr Barilaro said.
“This investment will lead to improved use and value-add for essentially a waste resource that hasn’t been fully utilised until now.
“This is why we started the NSW Forest Industries Innovation Fund loan scheme, to drive creative innovation in the industry, just like this.
“This latest breakthrough paints a bright future for the industry, coupled with the Forestry Corporation of NSW establishing new long-term saw log supply arrangements in Eden and the recent extension of the NSW Regional Forest Agreements.
“This exciting development helps future-proof forestry in the Eden region, and will deliver new employment and economic opportunities for the local community.
“I strongly urge other businesses to take advantage of this important scheme to assist and grow our renewable and sustainable NSW forestry industry.”
The Pentarch Logistics Pty Ltd project has been approved under the $34 million NSW Forest Industries Innovation Fund, which supports industry innovation and the development of markets for our renewable forestry products, through long-term low interest loans.
Applications are now open for the NSW Forest Industries Innovation Fund loan scheme, which is administered by the NSW Rural Assistance Authority.
Media contact: Jennifer Lugsdin 0427 930 922