According to Biodieselmagazine, the biorefinery will be based in Gladstone, a city located on the eastern coast of Queensland, about 482 kilometers north of Brisbane.

The construction of the 500 million dollar facility is expected to start next year, and once completed, it should process local feedstock such as canola, tallow and used cooking oil.

Mike Everton, CEO at Oceania Biofuels, said that "we are thrilled to be bring this world class project to Queensland. These greener alternative fuels will help reduce emissions from our planes and heavy vehicles, while creating a bridge to a more sustainable future."

"This is good news for Queensland and an exciting leap for Australia’s energy industry, creating regional jobs and a new export industry that will provide decarbonized fuel options for Australian industries. Gladstone is the ideal location for us as it has a highly skilled workforce and access to a deep-water port, furthering our export potential", he added.