Katter’s Australian Party offers A$400 million to North Queensland Bioenergy Corp if it wins election

In Australia, Katter’s Australian Party has offered an A$400 million loan towards the A$640 million North Queensland Bioenergy Corp. project proposed nearly a decade ago if it’s able to keep its balance of power in the upcoming state elections through the successful bid of a local candidate.

The project’s promoter welcomed the prospect of the state-led financing if it was possible and the election swung in KAP’s favor. The project that would produce 60 million liters of ethanol per year in addition to 430,000 metric tons of sugar should start construction when the next wet season begins.