Cyan Ventures launches Green Fuels Accelerator to fast track commercial-scale low carbon liquid fuels
In India, BioEnergy Times reported that 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.
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, according to the report.
“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 Fraser Thompson, Managing Partner, Cyan Ventures.
The report noted that the pilot initiative will work with seven identified LCLF projects, providing specific commercialization 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.
Category: Fuels
