Joint media release with the Federal Member for Capricornia, Ms Kirsten Livermore MP.
A $4.17 million grant has been allocated to Teys Australia Meat Group from the Gillard Labor Government's Clean Technology Food and Foundries Investment Program for operational upgrades at its Rockhampton facility.
Announcing the funding, the Minister for Industry and Innovation, Greg Combet, and Federal Member for Capricornia, Kirsten Livermore, said Teys Australia Meat Group was aiming to reduce its energy costs by around $365,000 a year and also hopes to cut the company's carbon price liability by $890,000 per year.
"The Clean Technology Food and Foundries Investment Program is designed to assist companies such as Teys Australia Meat Group to make smart investments that are good for the environment, good for the company and good for the economy," said Mr Combet.
"Using revenue from the carbon price, the Gillard Government is helping manufacturers and food producers, to transform their operations through investments in energy efficient equipment and processes."
Ms Livermore congratulated the major local employer and confirmed Teys Australia Meat Group would be investing its own money into the $8.75 million total project.
"Teys is working in partnership with the Gillard Labor Government to boost its competitiveness and the local economy, while also helping the environment," Ms Livermore said.
"Teys will install two covered anaerobic lagoons and a basin to capture biogas, which will be used for on-site combustion helping to save energy costs. It's hoped the project will slash the carbon emissions intensity at the Rockhampton facility by 74 per cent."
The carbon price funded $800 million Clean Technology Investment Program and the $200 million Clean Technology Food and Foundries Investment Program are supporting manufacturers across Australia.
For more information, companies should contact AusIndustry on 13 28 46 or visit www.ausindustry.gov.au.
Media Contacts: Minister Combet's office 02 6277 7920
Ms Livermore's Office 07 4922 6604