CHRIS SHARPE MANAGING DIRECTOR 1 WHO ARE WE? • Richmond Dairies draws milk from Queensland and New South Wales • Direct Supply Farms • Arrangements with other Processors • Products are exported to world markets 2 ENERGY • Operations heavily reliant on steam from LPG fuelled boilers • Cost of fuel substantially higher than our primary competitors in Victoria • Northern New South Wales dairy industry facing difficulty competing with other regions 3 METGASCO AGREEMENT • In addition to cost reduction, Richmond Dairies believes natural gas will result in a significant reduction in Greenhouse Gas emissions • Reduction in secondary emissions from processing, compressing and transport • Cogeneration a possible option in the future 4 RICHMOND DAIRIES’ BELIEF • Richmond Dairies wishes to carry out operations in the most environmentally sustainable manner possible • Energy from renewable sources not a current option • Community concerns regarding the CSG industry 5 RICHMOND DAIRIES’ BELIEF (cont.) • Debate on the CSG industry should be based on fact – not hysteria • Regulatory requirements to be addressed before gas is supplied 6 RICHMOND DAIRIES’ BELIEF • The CSG industry and long term community involvement • Lasting community legacies • New South Wales gas for New South Wales industry 7 (cont.) THANK YOU 8