Australian biofuels on the path to commercialisation
13 March 2012
Australia’s biofuel industry was given a boost last month as the Australian Government announced a A$15 million commitment to the new Advanced Biofuels Investment Readiness (ABIR) Program.
Funded as part of the Government’s A$20 million Australian Biofuels Research Institute, the ABIR Program will offer grants to projects that demonstrate the investment case for significant and pre-commercial biofuel production in Australia.
Already, the Government has committed A$5 million in support of a freshwater and marine macro-algae to biofuels project at James Cook University. Further grant applications to the ABIR Program will remain open until April 30, 2012.
Speaking at James Cook University in late February, Australia’s Minister for Resources and Energy, Martin Ferguson, said the new program will enable Australia to establish a commercial and competitive advanced biofuels industry.
“Advanced biofuels have the potential to play a role in diversifying our liquid fuel sources while reducing carbon emissions,” Mr Ferguson said.
“Targeted investment of the kind we’re announcing today will help to deliver the technological breakthroughs industry needs on the pathway towards commercialisation,” he said.