Furfural at Proserpine - Update

Last Updated on Friday, 07 October 2011 01:13

Media - Chemicals

"There are a number of reasons as to why the commissioning of the furfural plant has not been completed", says Ian McBean, Proserpine's acting CEO. These include the need to comply with HICB directives, the current financial situation, the need to concentrate on sugar milling and the ongoing asset sale process."

Regrettably, these reasons have prevented the new furfural plant from starting-up during the 2011 season. However, "both prospective purchasers have made clear commitments to furfural" and a successful outcome to the voting process will ensure that the plant is operational in 2012.

The results of this round of voting will be know at the end of October.

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Also see:

• The Wait (for the Furfural Plant Startup) Continues
• Proserpine Sugar Future Uncertain
• Sale of Proserpine Mill

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