Queensland seeking proposals to develop commercial scale biorefinery projects

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The Queensland Government is currently making decisive efforts to support bioeconomy growth in that State and lead Australia's biorevolution. Its Biofutures Vision is to build a sustainable and export-oriented industrial biotechnology and bioproducts sector attracting significant international investment, and creating regional, high-value and knowledge-intensive jobs. To achieve such vision, it has developed the Queensland Biofutures 10-Year Roadmap and Action Plan (June 2016) that shows its competitive advantages and opportunities for growth. It is worth taking a look at the document. In extreme summary, bioproducts sector is the next wave of economic development and the roadmap sets Queensland on a path to ride this wave.

Figure 1. Queensland’s Biofuture (extracted from Queensland Biofutures 10-Year Roadmap and Action Plan)

One of the key components of the Queensland Biofutures 10-Year Roadmap and Action Plan is the Biofutures Acceleration Program. The objective of this program is to attract and support the development of new biorefinery projects in Queensland. They are determined to attract industry leaders to the region to pursue the vision.

In this sense, the Biofutures Acceleration Program has issued an interesting Expression of Interest (EOI). The key information is summarized in the table below.

Purpose
To seek proposals from experienced parties that develop one or more commercial scale biorefinery projects in Queensland.
Scope
The Queensland Government is prepared to consider a broad range of support to attract suitable companies. The EOI stage is the commencement of a competitive selection process that will provide a fair and transparent opportunity for proponents to seek government support.
Background
As an initial step, a Request for Information (RFI) was conducted, to seek views from interested parties about potential roles to play and options for the State to accelerate development proposals. The RFI closed on 26 October 2016 and it drew 26 responses from Australian and international companies.
Timing
9 November 2016 - Wednesday 18 January 2017 (2:00 PM).
More information

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