In June 2014, the Government announced its decision to create a joint venture (JV) between Bord na Móna and Coillte with businesses in the following areas:
The programme of work is being overseen by a joint steering committee comprising senior management from both companies and project director’s from both Bord na Móna and Coillte.
Bord na Móna is also examining options with Coillte to establish a biomass supply company to cost and effectively supply pulpwood from existing domestic sources and to stimulate private sector production. This is an important project as Bord na Móna is co-fuelling its Edenderry Power plant and is looking to meet ever increasing demands for biomass products.
Bord na Móna are looking at investing in a number of wind energy projects with Coillte at the moment. The projects are Coillte initiatives and it is intended that Bord na Móna will buy a stake in each at a market price acceptable to both companies.
A joint feasibility study is being carried out to explore the business case for a joint venture to provide shared services to both companies. ‘Shared Services’ is defined as IT, HR, Finance (including the Financial Shared Services Centre), transactional legal services, procurement, treasury and facilities management.
Taken collectively Bord na Móna’s award winning Lough Boora Discovery Park, its other tourism assets and Coillte’s forest parks, both companies have an impressive track record in green tourism. The initial focus of the joint venture concerns lands where Bord na Móna and Coillte share a border. The team is exploring the feasibility of the Midlands Trail Network Hub which involves creating a national destination for off-road cycling, providing both leisure and adventuring cycling. A Memorandum of Understanding regarding this project was signed by both companies and Offaly Co Council in July 2015.