Following the announcement of record tonnages through its Bundaberg, Gladstone and Rockhampton ports precincts, the Gladstone Ports Corporation (GPC) has announced it will more than double the number of wood pellets exported through the Port of Bundaberg.
Thanks to a partnership with Atlus Renewables, 100,000 metric ton of wood pellets will be exported through the Port of Bundaberg, starting in the middle of next year according to acting CEO, Craig Walker.
"That is more than double the 37,000 tonnes we exported through Bundaberg last financial year.
"The exported wood pellets will be used as a green fuel in the generation of electricity in Japan.
"The increased export capacity comes on the back of a long-term supply agreement between Altus Renewables and a major energy supplier, Mitsui.
"The agreement with Mitsui, coupled with the increased exports enables Altus Renewables to upgrade its Tuan wood pellet production facility near Maryborough.
"This will result in further upgrades to the company’s storage and loading facilities at the Port of Bundaberg.
"The outlook for new export trade at the Port of Bundaberg is outstanding, with Ilmenite exports planned to commence in 2020.
"This is good news for Queenslanders in terms of jobs, economic growth and international trade.
"Gladstone Ports Corporation continues to cement its reputation as Australia’s premier multi-commodity ports.
"We continue to grow and diversify our business, with GPC recently recording its greatest renewables throughput for Gladstone with LNG exports and introducing new trade exports from Rockhampton’s Port Alma" Mr Walker said.