OneFortyOne has announced a significant investment of c.$30 million in a renewable biomass power generation project at the Jubilee Sawmill in Mount Gambier.
The project, which includes the installation of a new boiler and steam turbine, represents a total investment of approximately $90 million. This initiative underscores our commitment to continuous investment, demonstrating our long-term dedication to the region, sustainability and innovation.
“This investment not only supports our decarbonisation goals but also positions us for future opportunities in renewable energy.
By installing a steam turbine power generation system, we will be able to produce electricity from biomass, significantly repurposing wood fibre, preparing for our future energy needs.“
OneFortyOne CEO Wendy Norris
The Jubilee Sawmill first started producing electricity in 1956, producing energy for Mount Gambier until the 1970s.
The new turbine will generate more than enough electricity to power the entire Jubilee Sawmill site. The excess renewable electricity can be returned to the grid or used to enable future electrification of forklifts, trucks and other machinery.
It is expected to be completed by 2026 and will provide the following benefits:
- Estimated total annual renewable electricity generated: 43,800 mWh
- This project will help us achieve over 70% of our Scope 1 and 2 emissions reduction target
- Over 50% reduction in OneFortyOne’s total combined Scope 1 and 2 emissions[1]
- Over 85% reduction in OneFortyOne’s total Scope 2 emissions[2]
- Over 9,000 tCO2e emissions avoided on 2021 levels
“This investment into one of South Australia’s most significant industries is exciting for our State. This is a welcome announcement, which means longevity of technology, reduced carbon emissions and renewable energy going back into the grid.“
Premier of South Australia Peter Malinauskas
For more information about the renewable biomass power generation project, visit the OneFortyOne website.
Posted 04/10/2024
