Australian Government awards $10 million to Licella, Muradel as accelerator towards commercial scale.
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, which opened its Australian Government supported Commercial Demonstration Plant in 2011, will use the $5.5 million of ARENA funding to undertake a $8.4 million feasibility study into the construction of its first pre-commercial biofuels plant. If constructed, it is estimated that the plant could produce 125,000 barrels of Bio-Crude per annum, which could be used as a drop in fuel for the aviation industry.”
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