The Albanese Government has announced a $24 million package to support Australia’s last remaining newsprint paper mill, securing more than 300 direct jobs in the Derwent Valley if elected.
Prime Minister Anthony Albanese visited the Boyer Paper Mill on Monday to unveil the funding aimed at helping the facility transition to a low-emissions future while maintaining its critical role in Australian manufacturing.
“The Boyer Paper Mill is an iconic part of Tasmania’s manufacturing story. It was the first and is now the last and only newsprint producer in Australia,” Albanese said.
The funding includes $9 million over the next two years to ensure the mill’s financial viability during its transition, plus up to $15 million in matched funding for electrification investments.

Boyer Mill General Manager Patrick Dooley welcomed the announcement, noting the facility had just returned to Australian ownership.
“Today’s announcement will assist in achieving our vision for the Boyer Mill, respecting our history while transitioning from a single use site to a sustainable multiple use facility,” Dooley said.

He wants to see the site used for education, training, advanced manufacturing, renewable energy and sustainable housing initiatives.
The 84-year-old mill employs 310 workers directly and supports approximately 1,000 indirect jobs, contributing about $180 million annually to the local economy.
Jacob Batt, State Secretary of the Australian Manufacturing Workers Union, praised the announcement as evidence that “manufacturing, well-paid, good jobs in the regions is back”.
“This announcement … looks to the future. It looks to be ensuring that manufacturing continues here, but it thrives.

The Boyer Mill has operated continuously for 84 years and remains Australia’s sole producer of publication paper, supplying newsprint, catalogues and magazine grades to Australian publishers and printers.