Among manufacturing sectors in Australia, food makers trail only behind the mining industry as the biggest spenders on energy. According to the latest figures available from the Australian Bureau of Statistics, the food manufacturing industry pays a staggering $706 million a year on its electricity bills, accounting for 17 per cent of the entire manufacturing industry’s energy expenditure. What’s even more alarming is that this spending does not match consumption – with the segment accounting for just 10 per cent of total energy consumption. The combination of inefficient energy spending and high usage becomes increasingly problematic when taking into account rising energy costs and insecurity of energy supplies.
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