Carnarvon unveils renewable diesel business as FutureEnergy Australia
Carnarvon Energy Limited has announce its renewable diesel business as FutureEnergy Australia (FEA).
This is a 50:50 joint venture arrangement with Frontier Impact Group.
Carnarvon announced last year it would invest in seed capital towards an initial renewable diesel project which was the first step in an overall strategy to actively reduce the carbon intensity of its portfolio.
Over the past eight months, FEA has been advancing a range of key negotiations, contracts and undertaking extensive on-the-ground stakeholder consultation to progress the first biorefinery project to an FID decision in 2022.
Late last year, world-leading engineering and technology firm Technip Energies was appointed to carry out Front-End Engineering and Design (FEED) for the first biorefinery project.
The focus of the first project is the Shire of Narrogin, approximately 200 km south east of Perth.
A 12-month exclusive option to purchase a 65Ha site outside of Narrogin has recently been secured. Technical due diligence is currently being undertaken on this site, and relevant approvals are being progressed.
The initial biorefinery is expected to require less than 10% of the potential land acquisition. The land size provides optionality to add additional production modules and, subject to further assessment, develop sustainable aviation fuel (SAF) and graphene refining capability.
FEA’s biorefinery business intends to convert sustainably sourced woody biomass such as construction waste, ecological thinnings and plant-based agricultural waste into renewable diesel using high-temperature pyrolysis.
Renewable diesel can be used to replace conventional diesel without requiring modifications to diesel engines.
Carnarvon managing director and CEO Adrian Cook said: “We’re pleased to formally launch our renewable diesel business as FutureEnergy Australia, a name that reflects our Company’s investment in the energy transition.
“Our project has the potential to transform the approach to fuel production and use for individuals, businesses and organisations looking to reduce their carbon footprint. “The benefits are not exclusive to fuel users, with additional by-products produced in the biorefining process such as biochar and wood vinegar providing significant soil improvement opportunities to the agricultural sector.
“We’re excited to be working with our joint venture partner, Frontier Impact Group, in the development of our first biorefinery that will produce important renewable fuel, create a circular economy in Western Australia’s Wheatbelt, foster regional employment opportunities and deliver a significant reduction in carbon emissions.”
This is a 50:50 joint venture arrangement with Frontier Impact Group.
Carnarvon announced last year it would invest in seed capital towards an initial renewable diesel project which was the first step in an overall strategy to actively reduce the carbon intensity of its portfolio.
Over the past eight months, FEA has been advancing a range of key negotiations, contracts and undertaking extensive on-the-ground stakeholder consultation to progress the first biorefinery project to an FID decision in 2022.
Late last year, world-leading engineering and technology firm Technip Energies was appointed to carry out Front-End Engineering and Design (FEED) for the first biorefinery project.
The focus of the first project is the Shire of Narrogin, approximately 200 km south east of Perth.
A 12-month exclusive option to purchase a 65Ha site outside of Narrogin has recently been secured. Technical due diligence is currently being undertaken on this site, and relevant approvals are being progressed.
The initial biorefinery is expected to require less than 10% of the potential land acquisition. The land size provides optionality to add additional production modules and, subject to further assessment, develop sustainable aviation fuel (SAF) and graphene refining capability.
FEA’s biorefinery business intends to convert sustainably sourced woody biomass such as construction waste, ecological thinnings and plant-based agricultural waste into renewable diesel using high-temperature pyrolysis.
Renewable diesel can be used to replace conventional diesel without requiring modifications to diesel engines.
Carnarvon managing director and CEO Adrian Cook said: “We’re pleased to formally launch our renewable diesel business as FutureEnergy Australia, a name that reflects our Company’s investment in the energy transition.
“Our project has the potential to transform the approach to fuel production and use for individuals, businesses and organisations looking to reduce their carbon footprint. “The benefits are not exclusive to fuel users, with additional by-products produced in the biorefining process such as biochar and wood vinegar providing significant soil improvement opportunities to the agricultural sector.
“We’re excited to be working with our joint venture partner, Frontier Impact Group, in the development of our first biorefinery that will produce important renewable fuel, create a circular economy in Western Australia’s Wheatbelt, foster regional employment opportunities and deliver a significant reduction in carbon emissions.”
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