Published on Wednesday, 15 September 2021 at 3:21:59 PM
Northern Australia Infrastructure Facility (NAIF) Board has approved up to $32m loan to construct stage 1 of a cotton gin in Kununurra.
Kimberley Cotton Company (KCC) and Namoi Cotton have worked closely on the design and operational planning for Stage 1 of the cotton gin, which can process cotton grown on up to 15,000 hectares in the region.
The development of this cotton gin is expected to be worth $925m annually and provide 30 full-time jobs during construction and 21 new jobs once operating.
KCC’s Chairperson, Dr Gabi Bloecker, said the cotton gin is a critical infrastructure for the development of agriculture in the Ord, and the NAIF loan means an expansion is imminent.
“Our farmers have known the potential of this industry for a long time. The new cotton varieties have yielded very well in research and commercial trials in the Ord,” said Bloecker,
“The NAIF loan will mean that we can proceed in expanding agriculture in the north. It has been talked about for a long time, and the construction of local cotton processing facilities will be the trigger for much broader investment”.
The Ord River District Cooperative, Kimberley Agricultural Investment and the Miriuwung Gajerrong Corporation, which forms KCC, have worked collaboratively to build the gin.
Read the full media release here.
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