INDEPENDENT NEWS

Chatham Rise rock phosphate project will reduce emissions

Published: Fri 24 Nov 2017 10:20 AM
November 23, 2017
Chatham Rise rock phosphate project will reduce carbon emissions
WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") estimates that its process of recovering rock phosphate from offshore New Zealand will reduce annual carbon emissions by 76,000 tonnes compared with importing the rock from Morocco. This reduction of 95% of the present emission level equates to immediately taking at least 19,000 petrol driven vehicles off the roads.
This is significant in the context that there are approximately 5,000 electric vehicles registered now and the national target is 64,000 by the end of 2021.
Further carbon emission savings will result when Chatham rock phosphate is applied to the land, as being a slow release fertiliser it can be applied less frequently.
The other directly beneficial environmental effects of using Chatham rock phosphate that we have advised on numerous occasions are reduced run off, improved water quality, a healthier soil profile, and much lower cadmium being applied to soils.
ends

Next in Business, Science, and Tech

Competitiveness and transparency in the retail fuel market
By: New Zealand Government
A safer banking system for all New Zealanders
By: Reserve Bank
Christchurch plan to be NZ's aerospace testbed by 2025
By: Christchurch NZ
Abatement Notice served on Tamarind Taranaki Limited
By: Environmental Protection Authority
Changes recommended for winter grazing practices
By: New Zealand Government
Study recommends changes to benefit competion
By: Commerce Commission
Process concerns in market study
By: BusinessNZ
“At last!” says MTA in response to fuel market findings
By: Motor Trade Association
Reserve Bank decision will further slow nomy
By: New Zealand National Party
Banking industry welcomes conclusion to RBNZ capital review
By: NZ Bankers' Association
RBNZ's flawed bank capital process should be suspended
By: The New Zealand Initiative
Further consultation essential on bank capital proposals
By: BusinessNZ
Takinf full advantage of space
By: SpaceBase
Southland student set on satellite success
By: Great South
NZ First Welcomes Commitment to Improving Animal Welfare
By: New Zealand First Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media