Pentland Bioenergy Project
Sector: Biomass • Location: Australia
Source: Australian Renewable Energy Agency (ARENA)
The Pentland Bioenergy Project will determine the technical and commercial viability of Australia’s largest integrated biofuel facility, proposed for construction at Pentland, near Charters Towers in North Queensland. The Pentland Bioenergy Project acknowledges that global bioethanol market is forecast to grow to 145 billion litres in 2022 from a 2015 level of 98 billion litres, creating a need fo
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Status
Original status | closed |
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Description
Description | The Pentland Bioenergy Project will determine the technical and commercial viability of Australia’s largest integrated biofuel facility, proposed for construction at Pentland, near Charters Towers in North Queensland. The Pentland Bioenergy Project acknowledges that global bioethanol market is forecast to grow to 145 billion litres in 2022 from a 2015 level of 98 billion litres, creating a need for more biofuel production.The proposed Pentland plant requires a detailed business case in order to secure debt and investor finance to progress to construction.Project innovationRenewable Developments Australia (RDA) aims to develop the Pentland plant into the lowest cost ethanol production facility in the world. It would be a landmark project for Queensland and the bioenergy industry as a whole.This Pentland Bioenergy Project will verify and validate key technical and commercial parameters critical to project development and financing. RDA will:conducting growing trials with Super Sweet Sorghum, a biomass feedstock that has the capacity to produce triple the biomass (grows to 4m in 12 weeks) per year compared to traditional sugar cane further improving efficiency and reducing costtesting innovative 2nd Generation (cellulosic) ethanol technology developed by Beta Renewables that could effectively double ethanol output, without increasing the cane or sorghum biomass requirementsidentify, technical, financial and regulatory developmental road blocks affecting projects of this scale and typedeliver an Information Memorandum; prepared for the purposes of raising required capital for financial close of the Pentland integrated biofuel project. |
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Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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