Country:Australia
Year:2004
Policy status:Ended
Jurisdiction:National
Date Effective:2004
Date Ended:All funding has been allocated
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Policy Target:
Agency:AusIndustry within the Department of Innovation, Industry, Science and Research (until October 2009, responsible for administration of programme)
URL:http://www.ret.gov.au/resources/resources_programs/alternative_fuels_programs/biofuels_capital_grants_program/Pages/BiofuelsCapitalGrantsProgram.aspx
Funding:AUD 37.6 million (AUD 24.6275 million funding provided)
Description:

To increase the availability of biofuels for the domestic transport market, in July 2003 the Australian Government announced a fund for one-off capital grants to projects that provide new or expanded biofuels production capacity. The selection process was competitive and merit-based, and was held in two rounds, in May and August 2004. Grants were provided at a rate of AUD 16 cents per litre for new or expanded projects producing a minimum of five million litres of biofuel per annum. Grants were payable in three instalments consisting of: - 25 per cent of the grant amount (final investment decision and the commencement of construction) - 25 per cent of the grant amount (commissioning of the plant) - 50 per cent of the grant amount (first commercial sale into the domestic transport fuels market) Seven projects were funded and five facilities have been built through four grant recipients. Two grant recipients have completed post commissioning reporting.

Related policies:Ethanol Production Grants , Energy Grants (Cleaner Fuels) Scheme

Last modified: Mon, 12 May 2014 16:22:00 CEST