AGL to build $ 45m Qenos co- gen plant

Townsville Bulletin - - Investor -

AGL En­ergy Ltd says it will b u i l d a $ 4 5 mi l l i o n c o - gen­er­a­tion plant in Vic­to­ria for poly­mers maker Qenos Pty Ltd. The co-gen­er­a­tion plant is ex­pected to re­duce emis­sions from Qenos by 100,000 tonnes per year, AGL said in a state­ment.

AGL will se­cure a 15-year op­er­at­ing and main­te­nance agree­ment on the plant with op­tions to ex­tend to 25 years.

AGL will also be­come the sole sup­plier of nat­u­ral gas to the site.

‘ ‘ T h i s r e p r e s e n t s t h e largest in­vest­ment in in­dus­trial or man­u­fac­tur­ing co­gen­er­a­tion in over 10 years,’’ AGL Mer­chant En­ergy group gen­eral man­ager An­thony Fowler said.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.