Port Kembla Port Corporation Chairman Nicholas Whitlam said that the construction of a new biodiesel facility at Port Kembla's Inner Harbour will provide a major boost to not only the port, but the region as a whole.
This comes with the announcement that National Biodiesel Pty Ltd, a privately owned Australian company has recently gained development approval to establish a Biodiesel production facility at Port Kembla.
"This development will utilise land in the Port's Inner Harbour to create the new biodiesel facility, a facility which will become a significant regional asset" said Mr Whitlam.
It is expected that the project will have substantial social and economic benefits for the region. Upon completion, the plant is estimated to produce 288 million litres of biodiesel along with 850,000 tonnes of soybean meal annually. Once operational, the facility will create 235 new permanent full-time jobs, and approximately 725 jobs in related industries. A further 500 jobs are expected to be created during construction of the facility.
"As well as providing significant employment opportunities - the facility will generate demand in the future for locally produced oil seeds which will contribute to rural economic growth in the domestic market".
The facility will be the first integrated soybean processing and biodiesel production facility to be constructed in Australia. It will process imported soybeans to produce biodiesel, soybean meal and pharmaceutical grade glycerine (by product).
Mr Whitlam said that the development of this facility fits in with PKPCs growth strategy to diversify and expand its trade base. "This development will make efficient use of existing infrastructure while bringing new development and trade into the port and the region," said Mr Whitlam.
The plant is estimated to produce 288 million litres of biodiesel, along with 850,000 tonnes of soybean meal annually.