Articles tagged with Primary Sector Growth Fund
Government and Industry Partner to Boost New Zealand Strong Wool Value with Innovative Products
3 weeks ago | 228 viewsThe New Zealand Government and industry are partnering to transform strong wool into high-value products like inks, 3D printing materials, and bioplastics through an $8 million contribution to a $20 million project led by Wool Source Manufacturing Limited. The initiative will establish a large-scale manufacturing facility in Christchurch to produce wool-derived particles and powders for global markets worth over $50 billion, promoting sustainable, renewable alternatives to fossil fuel-based materials. This project aims to increase farmgate returns, support rural communities, and redirect up to 20% of the strong wool clip into premium applications, enhancing the sector's resilience and sustainability.
Tags: Todd McClay Mark Patterson Wool Source Manufacturing Limited New Zealand strong wool Primary Sector Growth Fund Christchurch bioplastics 3D printing Agriculture MinisterInnovative Investment Boosts New Zealand's King Salmon Feed Development for Export Growth
1 year ago | 2705 viewsThe Government is backing innovation to grow New Zealand’s high-value aquaculture exports, with a $455,000 investment from the new Primary Sector Growth Fund to support the development of specialised feed for King salmon, Agriculture, Trade and Investment Minister Todd McClay announced today. The $1. 2 million project—led by global aquafeed company Skretting—will design feed tailored specifically for New Zealand’s King salmon, supporting the growth of open ocean farming and helping reduce costs for local producers.
Tags: Government innovation aquaculture exports investment Primary Sector Growth Fund Todd McClay agriculture trade King salmon