Packaging and recycling company, Visy, is planning investment of up to $500 million in clean energy plants around Australia.

 

Speaking at the opening of  a $550 million expansion of Visy’s pulp and paper mill at Tumut in New South Wales, Executive chairman, Anthony Pratt, said he hoped that “in the not too distant future” an initial $100 million, 30-megawatt energy plant would be constructed at the mill site that would “expand our clean energy generation here and take in additional waste forest wood to generate clean renewable energy and sell it into the power grid.”

 

He said such a development would be a “a step along the way towards my vision of making clean energy a whole new business division for Visy.”

 

Visy already uses waste wood and other by-products of their operations to generate power for the Tumut mill.