Overview

• Treasurer Jim Chalmers and Climate Change Minister Chris Bowen unveiled the 10-year program at Ampol’s Brisbane refinery.
• Grants will support on‑shore production of renewable diesel and sustainable aviation fuel from feedstocks such as canola, sugar, sorghum and tallow.
• Officials point to roughly 2 billion litres of proposed projects nationwide, with initial domestic output estimated around 2029.
• A CEFC analysis projects a potential $36bn industry with up to 230 million tonnes of emissions reductions by 2050 if production scales.
• Industry groups including the Low Carbon Fuels Alliance and the National Farmers Federation welcomed the plan for its investment signal and regional job prospects.