Meat co-op seeks capital from farmer shareholders
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A green hydrogen project that has the potential to decarbonise the heavy transport sector has been caught up in court action initiated by Greenpeace.
Fertiliser co-operative Ballance, which has poured $70 million into the Taranaki project since 2019, says legal challenges of the past 24 months have been frustrating.
Outgoing Ballance chief executive Mark Wynne accuses Greenpeace of employing "lawfare" to block the project, which he says will help reduce carbon emissions in New Zealand.
In 2019, Ballance set up the project to build four wind turbines and has consent for 5MW of electrolysis for green hydrogen production and a hydrogen refuelling station. The turbines will supply renewable electricity directly to Ballance's Kapuni site and electricity will also be used to produce hydrogen by electrolysis - splitting water into oxygen for release into the atmosphere and hydrogen to make ammonia which will then be used to make green urea at the Kapuni plant.
The zero-emission hydrogen supply will also be used to replace imported diesel used for heavy transport under a project the fertiliser co-op has underway with local company, Hiringa Energy. Ballance currently uses diesel trucks to cart fertiliser up and down the country.
But the project stalled after Greenpeace and one local iwi appealed against the consent granted to Ballance in the High Court. However, 11 months ago, the appeal was dismissed. Greenpeace then went to the Court of Appeal, where a hearing was held in May and a decision is expected soon.
Wynne says they are hopeful of a positive outcome in the coming months.
"It's frustrating because ours was one of the first projects in the world.
"But here we are over two years later still stuck in the legal system. Meanwhile in Australia, which had no projects at the time, have now got 112 active projects in various stages of implementation," he adds.
"I look at this and say if we are trying to save the planet through decarbonisation, you cannot spend two years and millions of dollars locked up in what I call lawfare."
Wynne cannot understand why Greenpeace is blocking the development of green hydrogen in NZ when it supports green hydrogen worldwide.
Greenpeace spokesperson Amanda Larsson told Rural News that it supports the use of green hydrogen for heavy transport fuel.
"The trouble is that Hiringa and Ballance intend to use the hydrogen from this project to make urea fertiliser. Urea is an agri-chemical that pollutes the climate, rivers and drinking water. It doesn't matter if you make it from fossil fuels or green hydrogen, urea still causes all that pollution once it's applied to the land," Larsson claims.
Hiringa Energy chair Cathy Clennett says the wider debate about the use of fertiliser to keep New Zealand's pastures productve dows not belong in a court hearing about wind turbines creating renewable energy for producing hydrogen.
"Greenpeace has failed its supporter base by failing to engage and properly inform itself about this renewable energy and green hydrogen project, or even worse, distorting the facts."
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.
The deer industry is working on getting more venison into Asia.
The red meat sector is welcoming the start of trade negotiations between New Zealand and the United Arab Emirates (UAE).
Meat processor Alliance Group's cash-strapped farmer shareholders face a dilemma - either pour more money into the co-operative or risk losing 100% ownership and control.
OPINION: The new government has clearly signalled big cuts across the public service.
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…