Cyan Ventures launches Green Fuels Accelerator with support from Qantas, Boeing
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The news: Cyan Ventures has launched a Green Fuels Accelerator, funded by the Australian Renewable Energy Agency (ARENA), to support the development of commercial scale low carbon liquid fuel production in partnership with Qantas and Boeing.
The context: The accelerator has chosen the first seven low carbon liquid fuel projects that will help fast track towards financial close and commercial production.
This includes multiple projects focused on producing sustainable aviation fuel as well as other biomass or waste based fuels. The selected projects are being run by:
- Licella
- Renergi
- Renewable Developments Australia
- Wagner Sustainable Fuels
- Mercurius Biorefining
- Wildfire Energy
- Ethtec
Cyan Ventures said the accelerator will give the projects “tailored regulatory, technical, commercial and finance advisory support to de-risk projects and unlock domestic low carbon fuel supply”.
Industry partners including Qantas, Boeing, Mission Possible Partnership, Climate Tech Partners, Mills Oakley and SYSTEMIQ will provide project advisory support.
What they said: “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,” Cyan Ventures managing partner Fraser Thompson said.
“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.”
ARENA CEO Darren Miller 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 source: Cyan Ventures media release
