New Zealand can build upon its natural forestry advantage to create real and sustainable energy security. New Zealand’s annual bill for imported oil is $5.3b. By bringing key industry players together and utilising our huge forestry stocks, we can set the building blocks for a drop-in domestically produced biofuel.
It will be the first step towards energy independence and a stable liquid energy supply, decreasing the shocks associated with a volatile and expensive international oil market. By leading the way, New Zealand will create technology and expertise that’s exportable and contributes towards a highly skilled employment sector.
It’s also one of the fastest ways to reduce our carbon emissions while also creating high-value exports in bio-products and engineered timber.
Pure Advantage was formed in the belief that the private sector has an important role to play in creating a greener, wealthier New Zealand.