Ann: Suspension Update, page-9

Didn't think anything was happening with VIC1 FID in Stanhope, but could be wrong. Drove past the site, and whilst it looks like there is now a shed, not sure that has anything to do with the Biogas plant. This project is 90% owned by them and 10% by the piggery as far as I know. Their AGM update said that Pallisade is funding 100% of it with a 50% ownership? Cannot see Pallisade funding this with everything else going on. The biggest challenge for these projects are always feedstock gurantees and not many want to sign something until the plan is built. Will be intersting to see. At least the Yarra Valley project is going to get $1M from Sustainability Victoria (recently listed on their site), and I assume this will pay for the detailed design, which could be the next step.