The production of sustainable, clean fuels is a step closer to a commercial reality following an Australian Government investment of $9.8 million in two projects through the Australian Renewable Energy Agency’s (ARENA) Advanced Biofuels Investment Readiness Program.

The Minister for Resources and Energy, the Hon. Martin Ferguson AM MP, today announced $5.4 million for Licella Pty Ltd to assess the feasibility of constructing its first pre-commercial biofuel plant; and $4.4 million for Muradel Pty Ltd to demonstrate its algal biofuel technology.

“Australia has a chance to capitalise on a number of competitive advantages, such as our abundant sunshine and climate, to build an advanced biofuels industry that will help diversify our liquid fuel sources and reduce greenhouse gas emissions,” Minister Ferguson said.

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