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Orika’s $ 37 million project to halve emissions on Kooragang Island after a $ 13 million state government grant and a $ 24 million federal clean energy finance corporation loan | Newcastle Herald

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Orica plans to halve greenhouse gas emissions from its Kooragang Island site through a new $ 37 million emission reduction system announced Tuesday. Through the Kooragang Island Decarbonisation Project, the company announces plans to introduce Australia’s industry’s first tertiary catalyst reduction technology called EnviNOx. This is the first project funded by the Government of New South Wales’ $ 750 million Net Zero Industry and Innovation Program, with a $ 13 million loan from the State Program and a loan from the Federal Government’s Clean Energy Finance Corporation. $ 24 million has been funded. Federal Minister for Industry, Energy and Emissions Reduction Angus Taylor said it will be one of the largest single reduction projects funded by Clean Energy Finance Corporation. According to Aurica, the technology uses catalytic decomposition to destroy nitrous oxide emissions. Nitrous oxide is the main source of greenhouse gas emissions at facilities on Kooragang Island. This technology has been deployed at all three nitrate manufacturing plants used to produce ammonium nitrate on Kooragang Island and is designed to eliminate at least 567,000 tCO2e annually from the operation of the site. This is equivalent to emissions from 50,000 households. News: Total emissions are expected to be reduced by 48% and cumulative emissions are expected to be reduced by at least 4.7 million tCO2e by 2030. Sanjeev Gandhi, Managing Director and Chief Executive Officer of Orica, said the project is progressing towards the company’s medium-term 2030 emission reduction targets and zero net ambitions. “This project ensures that domestic manufacturing operations remain competitive in a low-carbon economy and bring significant environmental and regional economic and social benefits,” said Gandhi. “By reducing the emission strength of ammonium nitrate, we also benefit our customers by providing competitive, low carbon strength ammonium nitrate products and achieving our sustainability goals. Kooragang Island Decarbonisation Project approved In March 2021, clean energy regulators joined the Australian carbon market: “This is a major reduction in one of the state’s largest heavy industrial sites, with NSW emissions by 2030. It helps to reach the goal of halving the amount, “said the Minister of Energy and Environment. Matt Keane, Parliamentary Secretary Hunter Taylor Martin, said the project would improve air quality throughout the Newcastle region. Here in Newcastle, “Martin said. The project started in August 2022 and is expected to take three months. Nth to complete. Our journalists are working hard to bring the latest local news to the community. To continue to access trusted content:

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Orika’s $ 37 million project to halve emissions on Kooragang Island after a $ 13 million state government grant and a $ 24 million federal clean energy finance corporation loan | Newcastle Herald

Source link Orika’s $ 37 million project to halve emissions on Kooragang Island after a $ 13 million state government grant and a $ 24 million federal clean energy finance corporation loan | Newcastle Herald

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