Australia promises US$735mil to develop biofuel industry

Government unveils $1.1 billion low-carbon fuel strategy amid climate push

A low carbon strategy was placed on centre stage by the Federal Goverment today. Alternatives to fossil fuels are provided by canola, sorghum and sugar. The government has invested more than $1 billion to secure the supply of low carbon liquid fuel sources was announced today.

Australia Bets Big on Biofuels With $735 Million Investment

Australia is making a major bet on biofuels as part of its net-zero ambitions. On Wednesday, the government announced it will invest A$1.1 billion (US$735 million) over the next decade to develop a domestic low-carbon fuels industry, a move widely welcomed by the country’s powerful agricultural sector. The funding package, which will be spread over 10 years, is designed to unlock private sector investment in next-generation fuels such as biodies…

Australia promises US$735mil to develop biofuel industry

CANBERRA: The Australian government said on Wednesday it would invest A$1.1 billion (US$735 million) in the development of a low-carbon fuels industry, a move welcomed by farm groups, who hope it will boost demand for biofuel feedstocks like canola and sugarcane. © New Straits Times Press (M) Bhd

'Farm to the refinery': $1b funding injection to spark biofuel industry

Labor's $1.1bn injection seeks to decarbonise sectors and create new opportunities for Australian farmers with low-carbon fuels.

Government announces $1.1b for new low-carbon fuels industry

‘It sends a clear signal ... that Australia is open for business in the development and deployment of low-carbon fuels.’

Australia Pledges $735 Million to Kickstart Biofuels Industry

Australia will spend A$1.1 billion ($735 million) over a decade to assist growth in a local sustainable fuel sector, an announcement likely to be welcomed by the grains industry, which has been seeking a boost from Canberra for years.