HRL backs off biomass

HRL Technology in the Latrobe valley had to call a halt to its plans for a study into using Wood and Timber Waste for power generation. It put out a call in mid May 2014 for funds to pay for the study. They were offering their supporters access to the results for a bargain $2700. By mid-June they had almost no interest so announced the project would be discontinued. However, they are hopeful that with changes in legislation that will allow forests to be burnt for electricity to be defined ‘renewable’, it might then be more financially lucrative and the plan could be reborn.

However, such projects are mega costly, take 3-5 years to build and the fast-moving climate laws (and politics) could change dramatically, making it a dead-loss investment.

 

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