MELBOURNE, Australia: Cyan Ventures has launched a first-of-a-kind Green Fuels Accelerator (GFA) to advance commercial scale low carbon liquid fuel (LCLF) production. Funded by the Australian Renewable Energy Agency (ARENA) – with support from industry partners including Qantas and Boeing – the GFA has selected its first seven Australian LCLF projects to fast-track toward financial close and commercial production, according to a press release.
The GFA provides tailored regulatory, technical, commercial and finance advisory support to de-risk projects and unlock domestic low carbon fuel supply, while reducing Australia’s reliance on imported fuel which frequently exceeds two-thirds of domestic demand.
“The Green Fuels Accelerator is about converting Australia’s natural advantages into operating projects. We have the feedstocks, the innovative capacity, and willing partners across the supply chain to become a leader in low carbon fuel technology and production,” said Dr. Fraser Thompson, Managing Partner, Cyan Ventures.
“The benefit of a thriving domestic SAF industry is clear. What’s missing is the targeted support to get early-stage projects across the line – the financing structures, the offtake agreements and the regulatory guidance that turns potential into production.”
“We have a group of talented developers and entrepreneurs ready to build something the country genuinely needs and the Green Fuels Accelerator exists to make sure they can.”
The pilot initiative will work with seven identified LCLF projects, providing specific commercialisation support in areas such as financing and commercial offtake. Industry partners including Qantas, Boeing, Mission Possible Partnership, Climate Tech Partners and SYSTEMIQ will provide project advisory support.
Fiona Messent, Chief Sustainability Officer, Qantas, said: “Qantas is committed to reducing the emissions of Australian aviation and scaling a domestic sustainable aviation fuel industry is central to that goal. We’re pleased to provide our commercial and technical expertise to help the most promising projects reach production.”
Dr. Kimberly Camrass, Head of Sustainability APAC, Boeing, said: “Boeing’s partnership on the Green Fuels Accelerator initiative marks a pivotal step towards securing Australia’s energy independence, growing regional economies, lowering long term fuel costs and advancing decarbonisation across the aviation sector.”
Darren Miller, CEO, ARENA, said: “Australia has the potential to manufacture our own low carbon liquid fuels. We have abundant feedstocks, strong research capability and growing demand from sectors like aviation. What’s needed now is the support to help promising projects navigate the final steps to commercial scale.”
“The Green Fuels Accelerator is about closing that gap and providing the targeted support needed to move projects from concept to construction and build Australia’s resilience to fuel shocks.”
The seven selected projects span conversion technologies and integrated feedstock-to-fuel facilities. Each project will receive bespoke advisory support tailored to its technology, feedstock and commercial stage.
