HAMR Energy Selected for Australian Investor Front Door Program
HAMR Energy has been chosen for the Australian Government's Investor Front Door pilot program, aimed at supporting key projects. This initiative is expected to enhance fuel security, foster economic growth, and streamline investment processes in Australia.
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HAMR Energy has been selected as one of four projects in Australia's Investor Front Door pilot program, designed to facilitate approvals for significant projects and attract investment. The company's flagship project, Portland Renewable Fuels (PRF), aims to produce 300,000 tonnes per annum of low carbon methanol in Victoria, essential for decarbonizing shipping and aviation.
Additionally, HAMR Energy is advancing plans for a methanol-to-jet fuel facility in South Australia, targeting a production capacity of 140 million liters per annum. The initiatives will create hundreds of jobs, bolster domestic fuel production, and provide ongoing revenue for the plantation forestry sector. Securing AUD 10 million in Series A funding from companies like Airbus and Qantas indicates strong industry support for HAMR's goals.
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