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Queensland Premier announces international EOI to attract biofuels investment

The Palaszczuk Government will target Australian and international biofuels investment in bid to boost the industry in regional Queensland.

In a statement, Queensland Premier Annastacia Palaszczuk announced in Parliament that an Expression of Interest (EOI) process to attract biofuels proponents to Queensland, Australia has been set in motion.

– We have established a partnership with the US Navy – potentially the biggest biofuels customer in the world and the only partnership of its kind with a state government anywhere in the world. And we’ve already attracted Southern Oil to develop a refinery in Gladstone. But there’s more work to be done and more opportunities to grasp. That’s why my Government is starting an international call for Expressions of Interest to develop biorefineries in regional Queensland, said Premier Annastacia Palaszczuk.

Premier Palaszczuk said that the Government would aim to attract investment from within Australia as well as the United States, Asia, Brazil and Canada adding that the EOI process for investors will start within days.

– We want to attract proponents with big ideas and big plans to help take Queensland’s biofutures industries to the next level and support jobs growth in our regions. We know there is significant interest in investing in Queensland, she said adding that a recent month-long Request for Information (RfI)period drew 26 responses from Australian and international companies.

According to the statement responses came from a broad range of industries like aviation, waste management, biodiesel, surveying and town planning, stock feed manufacturing and biofuel development.

– They’re interested in Queensland because we have the natural resources, we have geographic advantage, we are a technology leader, and we have a Government with the will to make it happen, she said.

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