Vast secures grant from Australia-Singapore Initiative for decarbonizing shipping

March 29, 2025 |

In Australia, HyFuel Solar Refinery, a subsidiary of Vast Renewables Limited, has been awarded $441,000 through the Australia-Singapore Low Emissions Technologies (ASLET) initiative for maritime and port operations. The funding will progress the development of South Australia Solar Fuels (SA Solar Fuels), a sustainable fuels project collaboration between Vast and global energy company Mabanaft.

SA Solar Fuels, previously known as Solar Methanol 1, or SM1, is being developed to meet the rapidly growing demand for sustainable fuels by the maritime and aviation industries.

The SA Solar Fuels demonstration plant will be capable of producing 7,500 tons per annum of green methanol. Preliminary front-end engineering and design (pre-FEED) for SA Solar Fuels has been completed by global engineering firms Fichtner and bse Methanol. 

Located at the Port Augusta Green Energy Hub, SA Solar Fuels will be powered by Vast’s next generation concentrated solar thermal power technology.

More on the story.

Category: Fuels

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