Fonterra seeks mega-power deal to cut fossil fuel use

Fonterra seeks mega-power deal to cut fossil fuel use
Whole lotta heat – a Fonterra milk processing plant at Whareroa. (Image: NZME)
Pattrick Smellie
Fonterra is exploring a New Zealand Steel-style deal to decarbonise its industrial heat processes, with an enormous request in the market for electricity supply later this decade.Industry sources have told BusinessDesk that Fonterra has a request for proposals (RFP) for a massive 1.3 terawatt hours of new electricity, for delivery in 2026 or 2027.The RFP is understood to include a further 1.3TWh if the plan to switch coal and gas-fired milk dryers to electricity is a success.“We are seeking from the market an understanding of potential el...

More Primary Sector

Zespri harvests record NZ crop
Primary Sector

Zespri harvests record NZ crop

Kiwifruit marketing company Zespri said this season’s New Zealand crop of around 215 million trays, or more than 770,000 tonnes, has been the largest yet.“Even with a significant increase in volume, from more than 195 million trays last season to 215 million this year, our market...

An updated recap: Fonterra’s $4.2b Mainland sale
Primary Sector

An updated recap: Fonterra’s $4.2b Mainland sale

Today's the day the sale will get the blessing of farmers.