A bio-refinery is the central plank of a $25 million government bail-out for Mossman Mill.
The Government recognised the importance of the mill to the community and local economy and the substantial long-term benefits that would be derived from establishing a leading-edge bio-refinery on the site, Minister for State Development, Cameron Dick said.
“Far Northern Milling intends to establish a biorefinery that will provide a viable future for the mill and long-term economic benefits to the community,” he said.
“If successful, this project will result in the development of a bio-refinery in the Far North which uses the latest in green chemical technology, which is another strong and progressive step forward for the state’s biofutures industry.
“This potential project will also diversify the Douglas Shire economy through the introduction of a considerable number of green chemical manufacturing jobs.
“Our government’s $25 million support package will materially benefit Far Northern Milling as they work towards finalising their business case, and, if successful, constructing the biorefinery,” he said.
“This package has been developed in consultation with the growers and is focused on securing the long-term viability of the industry.”
The package includes $4 million to complete the necessary engineering studies for the biorefinery and provide executive support, Mr Dick said.
The Commonwealth Government recently announced $20 million in support for Far Northern Milling subject to an acceptable business case and additional financial support from the State Government.