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Licella awarded Federal Government ABIR grant

Licella Media Release.

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.

Licella will use the funding to conduct a de-risked feasibility study in order to produce an investment case for the Company’s first Pre-commercial module in Australia.

Click here to see full PDF media release.