Australia's Green Fuels Accelerator: $1.7M pilot to boost sustainable aviation fuel projects in Queensland, NSW, and WA
lismorecitynews.com.auAustralia's Green Fuels Accelerator, backed by ARENA, Qantas, and Boeing, will invest $1.7 million to help seven low-carbon fuel projects reach final investment decisions. The projects, mostly in Queensland, NSW, and Western Australia, aim to convert agricultural waste or ethanol into sustainable aviation fuel and maritime fuel. This pilot program provides regulatory, technical, and financial advice to first-of-a-kind projects that have struggled to close commercially. Sustainable aviation fuel currently makes up less than 1% of global airline fuel, but airlines like Qantas have committed to 10% by 2030. The accelerator aims to break the logjam by proving commercial viability. ARENA is contributing $766,000 to the effort, citing Australia's abundant feedstocks and research capability. The article notes that a federal budget commitment to investigate a sustainable aviation fuel mandate could further support the industry.
