Gladstone selected for $376.2M Oceania Biofuels site

In Australia, Gladstone has been selected as the location for a new A$500 million (US$376.2 million) renewable diesel and sustainable aviation fuel biorefinery.

Acting Premier Steven Miles said Oceania Biofuels selected a site within the Yarwun Industrial Precinct in the Gladstone State Development Area for their new biofuel refinery, which is now under contract with Economic Development Queensland.

The proposed A$500 million project will be Australia’s first commercial sustainable aviation fuel biorefinery, creating around 60 direct jobs and indirectly supporting an estimated 500 regional jobs during construction and operation, providing a great economic boost for the local community.