<
https://reneweconomy.com.au/bowen-unveils-250m-package-for-green-fuels-from-canola-sugarcane-tallow-and-cooking-oils/>
"An Australian low-carbon fuels industry could be closer to launching after a
$250 million investment in developing environmentally friendly fuels for
planes, trucks and ships.
The federal government announced the investment package on Thursday as part of
its $1.7 billion Future Made in Australia fund, to be put towards early-stage
fuel innovations, demonstrations and deployment.
The eco-friendly fuel investment comes amid growing demand for sustainable
aviation fuel worldwide, and a recent report by the nation’s science agency,
CSIRO, found Australia had the potential to lead the industry.
The $250 million fund would be divided into grants administered by the
Australian Renewable Energy Agency, Energy Minister Chris Bowen said, in order
to foster Australia’s production of low-carbon fuels.
“Australia has the know-how and the skills to meet the crucial task of
decarbonising hard-to-abate sectors such as aviation, heavy transport and
mining that rely on liquid fuels,” Mr Bowen said.
“(It’s) an important part of our move towards net zero and long-term fuel
security.”
Low-carbon fuels, such as sustainable aviation fuel, are made from agricultural
feedstocks such as sugarcane, tallow, canola and cooking oils.
They have been shown to reduce emissions from aircraft by 80 per cent compared
to traditional jet fuel.
A report into the biofuel released by the CSIRO and Boeing found Australia
could play a leading role in its creation but, despite investments, had yet to
begin producing the in-demand fuel.
The science agency also found Australia could generate between $6 billion and
$12 billion a year in direct benefits from a low-carbon fuels industry, in
addition to gains for farmers and regional communities that produce fuel
feedstock.
The fuels are expected to be used in sectors including aviation, road
transport, mining and construction in which emissions were difficult to reduce
with electric vehicles or other renewable energy sources.
The large investment in fuel projects would not only help them to launch,
Bioenergy Australia chief executive Shahana McKenzie said, but would also send
a message to Australia’s competitors."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
