EECA (Energy Efficiency and Conservation Authority) has announced the recipients of the 4th round of industrial decarbonisation investment from the GIDI fund. This funding supports businesses to reduce carbon emissions by providing investment capital for low-carbon technologies, specifically targeted at stationary process heat such as diesel and coal boilers.
Roger Stuart of Stuart Timber was among the successful applicants (and the only successful Otago applicant). He has received funding to replace the coal boiler at his Tapanui sawmill with a modern boiler capable of burning the sawdust, shavings and wood chip generated by daily sawmill activities. This funding was the only one awarded in Otago.
Lloyd McGinty and Tom Leov have been working with the company to investigate and develop a plan, budget and timeline, as well as the successful GIDI fund application that covers 50% of the cost of the project.