Queensland premier proposes Biofutures Industry Development Fund

February 10, 2016 |

In Australia, the Queensland premier announced development of a Biofutures Industry Development Fund that is meant to help first-movers in biofuels and the bioeconomy bridge the early stage funding gap in order to get to implementation. The funding facility will help cover the costs of due diligence processes so that investment-ready projects can access capital. She pointed to relationships such as that with the US Navy for biofuels and with Asahi brewery who has partnered with local researchers as demonstration of the potential in the region for biofuels and the bioeconomy.

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Category: Fuels

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