Licella has featured in a Biofuels Digest article outlining the Company's receipt of $5.4 from the Australian Government through the Australian Renewable Energy Agency's (ARENA) Advanced Biofuels Investment Readiness Program.
Licella is, today, one step closer to the commercial production of commercial
quantities of Bio-crude oil with the Australian Government announcing it has
awarded the company $5.4 million through the Australian Renewable Energy
Agency’s (ARENA) Advanced Biofuels Investment Readiness Program.
The Department of Resources, Energy and Tourism has announced that Licella will receive a $5.4m grant under the Advanced Biofuels Investment Readiness (ABIR) Program.
“Technologies such Licella’s, which will produce a ‘drop-in’ alternative to fossil based crude oil, have the potential to directly displace traditional high-emission fuels. It’s promising to see this company take steps to move from a successful demonstration program into the commercialisation space,” Minister Ferguson said.
Members of the biofuel industry, aviation industry and government departments are this week attending the Avalon Airshow to discuss alternative aviation fuels.
The aviation industry is currently responsible for 2 percent of global greenhouse gas emissions, but aims to become carbon neutral by 2020.
Licella has featured in a Biofuels Digest article outlining the Company's technology, products and partnerships.
"Licella produces drop-in biofuels from a wide range of biomass — the JV with Norske Skog focuses on wood as a feedstock — and uses a supercritical water-based technology and catalysts to break up biomass and reform it into a drop-in fuel hydrocarbon".
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Licella is an Australian-based company that has developed a unique process to transform renewable woody-waste materials into an array of biofuels.
The Licella process has been running at our pilot plant at Somersby (just north of Sydney), Australia for over 3 years.
Having won an
Australian Federal Grant, our 2nd generation Commercialisation Demonstration Plant (CDP), has been opened by the Minister for Resources and Energy, Martin Ferguson AM MP, on the 14th December 2011.