Horizon Power and FutureEnergy Australia have signed a non-binding Memorandum of Understanding (MoU) with a view to investigating the possibilities of establishing a renewable diesel industry in regional Western Australia.
The partnership between Horizon Power and FutureEnergy Australia – an incorporated joint venture between Carnarvon Energy and Frontier Impact Group – aims to explore a wide range of opportunities, including offtake, power purchase agreements, direct investment into renewable diesel projects, and new site locations.
It will also into the possibility of building a renewable diesel production facility in the Collie area.
WA’s Energy Minister Bill Johnston said the strategic partnership between Horizon Power and FutureEnergy Australia would explore opportunities to “support Western Australia’s emerging renewable diesel industry”.
“Establishing a local zero-emission renewable diesel industry has the potential to accelerate decarbonisation of regional power generation, while also creating jobs and driving economic growth in regional WA,” the Minister added.
“The McGowan Government is committed to exploring opportunities to decarbonise regional energy systems to deliver better economic and carbon outcomes for WA.”
The WA Government recently awarded FutureEnergy Australia $2 million through the Clean Energy Future Fund to support its Narrogin Renewable Diesel project, which is expected produce 18 million tonnes of renewable diesel per year.
FutureEnergy Australia was established to build and operate renewable fuel biorefineries in regional WA.