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Rotorua Lakes Council and the New Zealand Forest Research Institute Ltd (Scion) have created Terax Limited Partnership and Terax 2013 Ltd to commercialise the TERAX™ organic waste treatment process and thereby generate returns to its Investors. The Partnership has been formed under the Limited Partnership Act with RLC and Scion as Limited Partners and providing investment funding. This Statement of Intent (SOI) is prepared by the Company (as the General Partner) in accordance with Section 64 of the Local Government Act 2002. The Company is accountable to its shareholders and the Limited Partners (being RLC and Scion) to ensure that it achieves the objectives, performance targets and other measures set out in this SOI.
Terax 2013 Ltd and Terax Limited Partnership Statement of Intent (SOI) (PDF 258KB)