Benefits

 

Environmental

GreenChem’s addresses several key environmental issues facing NZ and indeed humankind.  These include the issues of plastics as a source of long term waste, and greenhouse gases from fuel that are a key driver of climate change.  Fossil derived plastics damage the ecosystems of waterways and oceans, plus chemical contamination if burnt.

‘Driving Plastics Green’ is the key tagline and environmental message for GreenChem. 

Green plastics will include biodegradable products such as films and moulded products (science at Scion will test and prove the veracity of this claim).  GreenChem is premised on driving ALL fossil plastics from use within a generation. 

Extensive financial analysis convinces GreenChem that biofuels can only achieve commercial viability with the inclusion of lignin as a co-product and revenue stream.  Including lignin helps biomaterials break even at US$70 per barrel.  Thus a widely dispersed GreenChem technology drives large scale biofuel which in turn addresses a key cause of climate change.

economic

GreenChem is premised on licensing lignin technology to biofuel operators.  While somewhat complex the economic and financial benefits are numerous.

  1. The fiscal benefit of doubling revenue via lignin is critical to the success of every biofuel operation.  The breakeven oil price drops from US$110 to about US$70 per barrel. 

  2. Each regional biorefinery is expected to generate 40 jobs

  3. Several biorefineries should be built across several regions where forestry has a strong footprint.

  4. Our goal is to operate business units across Australasia - there is greater opportunity in Australia (we rely on hardwood chip rather than Radiata pine)

  5. Ultimately, as GreenChem’s technology is licensed offshore the turnover from biorefineries will approach $40 billion pa. Value add from green plastics will inevitably multiply this by at least an order.