Greenhill Energy Media Release
Greenhill Energy and KSI Sawmills sign memorandum of understanding for Riverbend Energy Hub™
Greenhill Energy and KSI Sawmills have signed a Memorandum of Understanding (MOU) to support both company’s commitment to sustainability and underpin supply of sustainable biomass at scale to Riverbend Energy Hub™.
Under the MOU, subject to regulatory approvals KSI Sawmills will supply Greenhill Energy’s Riverbend Energy Hub™ with timber residues from its proposed new sawmill site at Monarto, in South Australia’s Murraylands region. The sawmill is currently progressing through local government development approvals and subject to receiving these approvals, is expected to commence construction in 2024 and operations in 2025.
Timber for the sawmill will come from sustainably certified plantation grown sources, primarily throughout the Mt Lofty Ranges, with the timber residues from sawmill operations available for sustainable biomass supply in multiple tranches over time to match the planned development stages of Riverbend Energy Hub™.
Greenhill Energy Managing Director Nicholas Mumford said the proposed sawmill development would be a welcome nearby Murraylands regional partner in Greenhill Energy’s circular economy supply chain, importantly with the potential to supply certified renewable and sustainable biomass feedstock at scale.
“We’re looking forward to working with KSI Sawmills. As we progress the development of Riverbend Energy Hub™, we’re securing sustainable biomass sources to meet our targets to manufacture clean hydrogen, urea fertiliser and other high value products such as synthetic fuels,” said Nicholas.