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Minister Wallace announces significant support for Wood Energy Supply Chain

Mary Wallace T.D., Minister of State at the Department of Agriculture and Food, has introduced a new capital grant scheme to support developing enterprises in the wood chip supply sector.

The scheme will grant aid the purchase of medium-scale wood chippers and self-contained chippers by providing up to 40% of the purchase price of this equipment.

Minister Wallace said "The Irish forest sector has the capacity to supply up to 20% of our renewable energy needs by 2020. Now that Ireland and the EU have committed to the path of alternative energies, it is critical that the infrastructure to deliver on this commitment is in place. As more businesses switch to wood chip to meet their energy needs, this machinery grant scheme will help bridge the gap between the forest owner and energy consumers. This grant aid is an investment in those interested in alternative farm-forestry enterprises that I believe will pay dividends to forest owners, consumers and our environment."

Details of the Scheme, including application forms are now available on www.agriculture.gov.ie/forestservice.

2 April, 2007

Date Released: 02 April 2007