Horizon Power has signed a non-binding Memorandum of Understanding with FutureEnergy Australia to investigate opportunities to establish a renewable diesel industry in regional Western Australia.
The partnership between Horizon Power and FutureEnergy Australia is intended to canvas a wide range of opportunities, including direct investment into renewable diesel projects, offtake, power purchase agreements and new site locations.
This will include exploring the potential for a renewable diesel production facility in the Collie region.
The McGowan Government recently awarded FutureEnergy Australia $2 million, as part of the Clean Energy Future Fund, to support its Narrogin Renewable Diesel project, which will produce 18 million tonnes of renewable diesel per year.
FutureEnergy Australia, an incorporated joint venture between Carnarvon Energy and Frontier Impact Group, was formed to build and operate renewable fuel biorefineries in regional WA.
As stated by Energy Minister Bill Johnston:
“The strategic partnership between Horizon Power and FutureEnergy Australia will explore opportunities to support Western Australia’s emerging renewable diesel industry.
“Establishing a local zero emission renewable diesel industry has the potential to accelerate decarbonisation of regional power generation, while also creating jobs and driving economic growth in regional WA.
“The McGowan Government is committed to exploring opportunities to decarbonise regional energy systems to deliver better economic and carbon outcomes for WA.”
As stated by Collie-Preston MLA Jodie Hanns:
“The McGowan Government is continuing to secure Collie’s future, with projects that diversify the region’s economy.
“Collie has a proud tradition as an industrial town, and opportunities like this provide the next step towards our transition.”
