Horizon Power has signed a non-binding Memorandum of Understanding with FutureEnergy Australia to investigate opportunities to establish a renewable diesel industry in regional Western Australia.
The partnership aims to canvas a wide range of opportunities, including direct investment into renewable diesel projects, offtake, power purchase agreements and new site locations.
This will include exploring the potential for a renewable diesel production facility in the Collie region.
The WA Government recently awarded FutureEnergy Australia $2 million, as part of the Clean Energy Future Fund, to support its Narrogin Renewable Diesel project, which will produce 18 million tonnes of renewable diesel per year.
FutureEnergy Australia, an incorporated joint venture between Carnarvon Energy and Frontier Impact Group, was formed to build and operate renewable fuel biorefineries in regional WA.
Energy Minister Bill Johnston said the partnership will 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.
Collie-Preston MLA Jodie Hanns said projects like this will diversify the region’s economy and secure its future.
“Collie has a proud tradition as an industrial town, and opportunities like this provide the next step towards our transition.”