OneFortyOne has announced a $30 million (€18.5 million) investment in a renewable biomass power generation project at its Jubilee Sawmill in Mount Gambier, one of Australia's largest sawmills. This project, which involves the installation of a new boiler and steam turbine, is part of a total investment of approximately $90 million (€55.7 million).
The new turbine is expected to generate sufficient electricity to power the entire Jubilee Sawmill site. The excess renewable electricity can be returned to the grid or utilized for future electrification of forklifts, trucks, and other machinery. Completion of the project is anticipated by 2026.
The initiative aims to significantly reduce emissions, with projections indicating a decrease of over 70% in total emissions, more than 50% in combined scope 1 and 2 emissions, and an over 85% reduction in total scope 2 emissions. The project is expected to avoid more than 9,000 tonnes of CO2 emissions compared to 2021 levels, with an estimated annual renewable electricity generation of 43,800 MWh.
Wendy Norris, CEO of OneFortyOne, highlighted that the Jubilee Sawmill has been part of the company since 2018 and has seen continuous investment in its team and site. The need to replace the current boiler, which is reaching the end of its life, presents an opportunity to rethink energy utilization at the site. This investment not only supports decarbonization goals but also prepares the company for future renewable energy opportunities.
Peter Malinauskas MP, Premier of South Australia, noted the significance of this investment for the state, emphasizing its potential to enhance technology longevity, reduce carbon emissions, and contribute renewable energy back to the grid.
