Cannabis plant, biohub join forces
Massive greenhouse plans to take Utilitas’ bio-products
THE companies behind two major new ventures in Casino have formed an alliance.
PUF Ventures Australia (PVA) last month announced Casino was the site chosen for a multi-million-dollar cannabis facility. The facility would make the rural town the centre of Australia’s burgeoning medicinal cannabis industry with a one million-square-foot cannabis greenhouse and processing plant, employing 300 people and producing 100,000kg of cannabis a year at capacity.
Brisbane-based Utilitas Group has proposed to build a crowd-funded biohub facility to transform organic waste and waste water from the Richmond Valley into energy, clean water and other bio-products.
They have partnered with Domacom to raise $4.3 million to secure the site and develop the biohub.
Now, the two companies have formed an alliance.
Through the alliance, PVA will have long-term access to stable environmentally-friendly energy, nutrients and reclaimed water generated by the Utilitas biohub.
“There are significant economic and environmental benefits to be gained through the alliance with Utilitas,” PVA president and CEO Michael Horsfall said.
“The Utilitas biohub in Casino has been designed to create dispatchable, renewable electricity, green natural gas, carbon dioxide, valuable nutrients and reclaimed water as part of a closed-loop resource recovery process. These are all critical inputs for a large greenhouse operation.
“Together with Utilitas, we can create the world’s first closed-loop, resource recovery, medicinal cannabis facility, utilising the huge local biomass from the agricultural and food processing industries to pioneer world-leading clean technologies.”
Clarence MP Chris Gulaptis this week sang the praises to colleagues in the New South Wales Legislative Assembly of the two innovative industries.
Mr Gulaptis said Utilitas intended to engage local contractors to build its biohub, and three jobs would be created at its plant.
He said the project would also provide employment opportunities for the sale and transport of by-products.
Subject to successful capital raising and an approved regulatory pathway, the biohub is estimated to be fully operational within a year.