The State Government will provide $8.64 million to help get Bio Processing Australia’s proposed $50 million Mackay biorefinery off the ground.
The project, to be developed at Mackay Sugar’s Racecourse Mill, would deliver up to 70 construction and 45 skilled operational jobs, according to Treasurer Curtis Pitt.
“BPA complements the Mackay region’s existing industries and technical expertise, so I am very excited by the investment prospects of this biorefinery, with construction scheduled to commence next year,” Mr Pitt said.
“BPA’s planned commercial-scale facility would have capacity to annually produce up to 26,000 tonnes of soymeal, 2000 tonnes of yeast products for the animal feed market and 15 mega litres of biodiesel suitable for heavy transport industries.
“We have acted quickly to provide this decision at an early stage in BPA’s planning so that the company has the financial and Government support it needs to prioritise the establishment of a biorefinery in Queensland.”
The $8.64 million funding will come from the government’s $130 million Jobs and Regional Growth Fund.
Bio Processing Australia chief executive officer John Lockhart welcomed the investment in the Mackay operation.
“The Queensland Government’s support will enable us to explore, develop and commercialise biofuel and food biotechnologies here in Mackay,” he said.
The Queensland Government is continuing with its Biofutures Acceleration Program, for the development of new or expanded commercial-scale biorefinery projects.
Additional potential biorefinery projects are expected to be announced for regional Queensland in the coming months