SKY Renewables has welcomed the Crisafulli LNP Government’s move to hold a full Parliamentary Inquiry into developing a full-scale biofuels sector in Queensland, giving hope to sugar communities across Queensland.
SKY Renewables CEO and Founder Simon Yim hailed the announcement as a welcome sign of the State Government’s commitment to adding value to an industry that has served as the backbone of communities such as the Burdekin for generations.
“It is imperative that the sugarcane industry progresses to getting more value out of the crop than just sugar”, Mr Yim said.
“It is equally important that generational hardworking growers need to be directly benefiting from what will be a revolutionising change to the Queensland sugar industry.
“Canegrowers and the sugar industry have been the cornerstone of the Burdekin’s success for 150 years and developing a biofuels sector locally builds on that success and will prolong the district’s prosperity for decades to come.
“There is clear momentum for proposals such as ours and I want to thank the Premier, Minister Tony Perrett, Minister David Janetzki, and our local Member Dale Last for their enthusiastic support of cane-based biofuels.
“SKY Renewables sees the opportunity. The Queensland Government obviously sees the opportunity. I call on growers to partner with SKY Renewables before 30 June to benefit from this opportunity.
“I look forward to SKY Renewables making a comprehensive submission to the Committee”.
The announcement of the full-scale inquiry comes after Mr Yim presented to the Parliament’s powerful Primary Industries and Resources Committee earlier this year on the benefits of turning tops-and-trash into biomethane for export to Singapore.
SKY Renewables has commenced developing its submission to the Committee and is looking forward to work with each and every grower to make their voice heard once the Committee’s timelines are established.
In the meantime, Burdekin growers who are yet to partner with SKY Renewables are reminded that they only have until 30 June to sign on the dotted line.
“I encourage growers who are still on the fence to get in touch with me as soon as possible so they don’t miss out on an exciting opportunity to diversify their revenue streams”, Mr Yim said.
Mr Yim also wants to remind growers that the equity from contributing tops-and-trash in-kind stays with the farm. It means growers can realise the incremental equity value of the project if they sell the farm. Conversely, farms without such equity attached will inevitably be worth less. Mr Yim can be contacted via email at simon.yim@skyrenewables.com or on the phone on 0423 526 345. He will also be holding regular office hours at QSL’s Ayr office from June 24 to 27.
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