July 15, 2022
BY Horizon Power
Horizon Power is pleased to announce it has signed a non-binding memorandum of understanding with FutureEnergy Australia to investigate opportunities to establish a renewable diesel industry in regional Western Australia.
FutureEnergy Australia, an incorporated joint venture between WA based Carnarvon Energy and Frontier Impact Group, was formed to build and operate renewable fuel biorefineries in regional Western Australia.
The memorandum of understanding establishes a clear path forward for the two organizations to explore opportunities for the development and production of renewable diesel in Western Australia.
Advertisement
Advertisement
Horizon Power’s Chief Financial Officer, Mike Houlahan said the arrangement with FutureEnergy Australia provides the potential to accelerate decarbonization of regional power generation through renewable diesel while also supporting regional economic growth and job creation.
“We see renewable diesel as a future low emission fuel that can be used within our energy systems as an alternative to fossil fuel diesel or more expensive energy sources like battery energy storage systems,” Houlahan said.
Developing a local supply of zero emission renewable diesel has the potential to help reduce carbon emissions across a number of industries. The potential to also establish an industry in regional Western Australia will also create regional jobs and drive economic growth.
We look forward to working with FutureEnergy Australia to explore opportunities to support Western Australia’s emerging renewable diesel industry.
Advertisement
Advertisement
FutureEnergy Australia Chair and Carnarvon Energy Limited Managing Director Adrian Cook said that support from Horizon Power is a recognition of the tangibility of the renewable fuels business and highlights the significant demand for domestically produced renewable diesel.
“We are excited to work with Horizon Power to progress a strategic renewable diesel partnership. Horizon Power and Future Energy Australia share many core values in delivering better economic and carbon outcomes for regional Western Australians,” Cook said.
The General Manager of a company that produces and sells renewable fuel and fuel credits was sentenced on March 13 to serve 37 months in prison to be followed by a three-year term of supervised release for his role in a RIN fraud scheme.
Louis Dreyfus Company and Global Clean Energy Holdings Inc. announced on March 11 the renewal for an additional 10 years of their collaboration to promote the cultivation of Camelina sativa (camelina) in South America as an intermediate crop.
Aemetis Inc. released fourth quarter and full year 2024 financial results on March 13, reporting increased revenues for its U.S. ethanol and biogas operations as well as its biodiesel operations in India.
JetBlue along with its fuel partners marked the first-ever regular supply of sustainable aviation fuel (SAF) for commercial air travel in the region at New York’s John F. Kennedy International Airport (JFK).
The U.S. EIA maintained its outlook for 2025 and 2026 biodiesel production in its latest Short-Term Energy Outlook, released March 11. Production forecasts for renewable diesel and sustainable aviation fuel (SAF) were also maintained.