Wednesday 29 February 2012

Australia invests in advanced biofuels

The Australian Government has awarded a AUS$5 million (€4 million) grant to James Cook University, funding the development of Australia's first freshwater and marine macro-algae to biofuels project. Not only this, but a new AUS$15 million (€12 million) Advanced Biofuels Investment Readiness (ABIR) Program has been created.

ABIR Program is designed to support the investment case of scalable, pre-commercial advanced biofuels demonstration projects in Australia. "Advanced biofuels, particularly those that can integrate into existing liquid fuel supply chains and are compatible with existing engine technologies and infrastructure could also become a significant source of regional employment," says Minister for Resources and Energy, Martin Ferguson. Read more ...
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