A major cotton operation in New South Wales says it is producing the world's first verified, carbon-positive cotton which global companies with sustainable sourcing targets will pay up to an extra $60 a bale.
The former fashion designer and milliner has had sales inquiries from companies such as PVH Corp, which owns brands including Calvin Klein and Tommy Hilfiger.It produces about 80,000 bales of cotton a year, but Mrs Statham was frustrated they could not track it once it was exported. "Subject to supply and demand we're seeing a range anywhere from $20 to $60 a bale extra," Mr Statham said.
The gin no longer has an electricity bill nudging $1 million a year as it is being powered by the 9 megawatt solar farm next door."The plant can power the cotton gin and still export 3.3MW to the grid, it's like having your own private power station," solar installer Sam Tapscott said.
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Source: 7NewsSydney - 🏆 16. / 63 Read more »