An ambitious plan to construct Australia's biggest glasshouse at Bomaderry has stalled because of financial constraints, but its mastermind is not giving up.
The Australian Financial Review reports that the director of the company behind the plan, Netherlands-based Cornelius Disselkoen, wanted to start building a three-staged, $126 million environmentally friendly glasshouse covering 35.4 hectares near Nowra on the NSW South Coast this year.
But two ASX-listed companies that set out to provide 20 per cent in equity for the project have had their share prices battered in the past 12 months and have abandoned interest in the project. The company behind the project, Maria's Farm, also narrowly avoided a winding up order last week.
The glasshouse, which would be more than double the size of the Costa Group's tomato-growing complex on the NSW Northern Tablelands, will be built on a 200-hectare block of land opposite an ethanol plant owned by the Manildra Group. The glasshouse would use the excess carbon dioxide and waste water from the ethanol plant to enhance the growth of its produce.
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