Introduction
OneFortyOne has announced a significant investment of approximately $30 million in a renewable biomass power generation project at its Jubilee Sawmill. This initiative reflects the company’s commitment to sustainability and innovation in the region.
Overview of the Project
Total Investment
The renewable biomass project at Jubilee Sawmill represents a total investment of around $90 million, which includes the installation of a new boiler and steam turbine.
Historical Context
The Jubilee Sawmill has been generating electricity since 1956, providing energy for Mount Gambier until the 1970s. This new investment marks a pivotal evolution in its operational capabilities.
Benefits of the Renewable Energy Initiative
Enhanced Electricity Generation
The new turbine will generate sufficient electricity to power the entire Jubilee Sawmill site. Any excess renewable electricity produced can be returned to the grid or utilized for future electrification of forklifts, trucks, and other machinery.
Emission Reduction Goals
This project is expected to deliver significant environmental benefits, including:
- Achieving over 70% of OneFortyOne’s Scope 1 and 2 emissions reduction target.
- Over 50% reduction in the company’s total combined Scope 1 and 2 emissions.
- Over 85% reduction in total Scope 2 emissions.
- Avoiding over 9,000 tCO2e emissions compared to 2021 levels.
- An estimated total annual renewable electricity generation of 43,800 MWh.
Leadership Insights
CEO Statement
Wendy Norris, CEO of OneFortyOne, emphasized the importance of this project:
“The need to replace our current boiler, which is reaching its end of life, has presented us with a unique opportunity to rethink how we utilize steam and consume electricity at our site. This investment supports our decarbonization goals and positions us for future opportunities in renewable energy.”
Premier’s Remarks
South Australian Premier Peter Malinauskas visited the site and described the investment as exciting for the state:
“OneFortyOne’s investment in renewable power generation at Jubilee Sawmill is a significant step towards reducing our carbon footprint and enhancing our energy efficiency.”
Conclusion
OneFortyOne’s renewable energy project at the Jubilee Sawmill not only represents a substantial financial commitment but also highlights the company’s dedication to sustainability. As the project progresses towards completion in 2026, it promises to bring long-lasting benefits to the environment and the local community.
