Genesis and Foresta in biomass supply negotiation
10 February 2025
Genesis Energy and Foresta have signed a term-sheet to advance negotiations on the supply of torrefied biomass for electricity generation at Huntly Power Station.
This is the first term-sheet Genesis has signed with a potential New Zealand producer of biomass (also known as black pellets) as Genesis seeks to establish a sustainable, economic supply for the power station.
Genesis is targeting a supply of 300,000 tonnes pa of torrefied biomass by FY28 to reduce or if possible, eliminate, New Zealand’s current dependency on coal*. The company is working with a number of potential producers in parallel to achieve this target.
Foresta is building an integrated pine chemical and torrefied wood pellet production facility in Kawerau in the Bay of Plenty. This would be one of the first manufacturing plants of its kind established in New Zealand.