Oireachtas Joint and Select Committees

Tuesday, 14 May 2013

Joint Oireachtas Committee on Agriculture, Food and the Marine

Sale of Coillte's Harvesting Rights: Discussion (Resumed) with IMPACT

3:15 pm

Mr. Johnny Fox:

The answer to the question also lies in investment in the new technologies of biomass and bioenergy. Investment is needed in that area. That is the future. Coillte would not be in a position now to do that, given that its profits are €20 million a year. It requires further intervention from the State because it is new technology but it has strong potential.