Accelerating the Commercialisation of Biofuel Technologies.
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.
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