
The federal government has announced a $32 million investment to help support a plan to convert forestry waste into Australian-made jet fuel.
The funding, made through the Australian Renewable Energy Agency (ARENA), will be provided to Melbourne based company HAMR Energy as it seeks to develop a series of low-carbon liquid fuels (LCLF) projects using residual forestry biomass.
HAMR, founded in 2020, is in developing several sustainable aviation fuel (SAF) projects, including one that uses residual forestry biomass and renewable energy to make low-carbon methanol, which is then converted into low-carbon methanol or other low-carbon liquid fuels.
SAF has emerged as the likely best way to decarbonise hard-to-abate transport industries such as aviation and shipping, which still rely on liquid fuels because batteries do not, and likely will not, be able to meet all their clean power needs.
The company has already secured partnerships and investments from big-name stakeholders including Thyssenkrupp, Honeywell, OneFortyOne, Qantas, and Airbus.
Source: The Driven
Image credit: HAMR Energy
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