Australia is almost entirely reliant on imports of refined fuels and crude to meet consumption. In FY2021, 91 per cent of all fuel consumed in Australia was imported. This includes 68 per cent imported as refined crude, while 71 per cent of fuel refined in Australia is imported as crude and condensate.
Fuel security has decreased over the last decade. Five Australian refineries have closed over the last decade leaving only two Australian refineries in operation - Ampol’s Lytton refinery and Viva’s Geelong refinery. Our strategic fuel supply is particularly vulnerable as our two remaining refineries are set up to produce largely petrol rather than aviation fuel and diesel.
This creates a glaring problem for all industries across Australia, in particular road freight and logistics companies which, when it comes to the transport of non-bulk freight, a broad category which includes foods, drinks, produce, post, manufactured goods and most other items, are responsible for transporting 79.8% of in 2021-2022.
GRNFuels will take agricultural waste and convert it into saleable renewable products and outputs at prices lower than fossil equivalents.
Our technology converts feedstocks into a synthetic gas, oil and mineralised ash:
Modular solution allows the development of bespoke distributed facilities:
Feedstock moisture content up to 70% (eliminating drying processes):
Our energy and fuels will reduce Greenhouse Gas Emissions:
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