We are investing another $91 million in Australia’s heavy industry future.
Grant funding has been awarded to 6 more projects under the Powering the Regions Fund.
The projects will:
- reduce emissions at industrial facilities
- create jobs, training and upskilling opportunities for workers
- help the regions grow and prosper in the transition to net zero.
The Safeguard Transformation Stream (STS) helps future-proof major facilities. It is for trade-exposed ‘big emitters’ – those that emit more than 100,000 tonnes of carbon dioxide (CO2) equivalent in a year.
To ‘safeguard’ Australia’s future, these facilities need to meet their emissions targets but remain internationally competitive.
The projects announced include:
- $37.2 million to capture methane at Kestrel Coal in Bowen Basin, Queensland
- $28 million for hybrid renewable energy at Incitec Pivot Fertilisers in Phosphate Hill, Queensland
- $9.8 million to produce lower emissions ammonia at Dyno Nobel in the Bowen Basin, Queensland
- $7.5 million to reduce emissions from chemical production at CSBP Limited in Kwinana, Western Australia
- $5.4 million to improve energy efficiency while producing aluminium at Boyne Smelter in Gladstone, Queensland
- $3 million for electrification at Viva Energy Refinery in Geelong, Victoria.
Industry is known as the hard-to-abate sector. Hence, we are investing in cleaner fuels and new technology to remove emissions from industrial processes.
This funding is in addition to the $133.9 million in STS funding announced in April 2024. The $600 million fund is still open to applications through .
