Appliance giant invests grant in cool fridge project
The nation’s leading household appliances company will use a $4.7 million Government grant to embark on a project to produce more energy efficient refrigerators at its site in regional New South Wales.
Electrolux Home Products received the grant as part of the Government’s $800 million Clean Technology Investment Program, which is funded by revenue from the carbon price.
The company, which will contribute $9.4 million of its own money to the project, will invest in new equipment for its site in Orange, where it will manufacture the energy efficient fridges.
Through the $14.2 million project, Electrolux expects to reduce the carbon emissions intensity of the refrigerators it builds by about 10 per cent. In announcing the grant, Climate Change and Energy Efficiency Minister Greg Combet encouraged other local manufacturers to consider applying for support under the Government’s Clean Technology Investment Program or the $200 million Clean Technology Food and Foundries Program, which is also funded by carbon price revenue.
In addition to the Clean Technology Investment Programs, the $200 million Clean Technology Innovation Program is funding Australian businesses to develop new clean technologies.
For more information, visit www.ausindustry.gov.au or contact 13 28 46.