Ampol's Decarbonisation Drive: Fuelling Australia's Clean Energy Future
Key Ideas
- Ampol secures a $100 million investment from the Clean Energy Finance Corporation to decarbonize the transport sector through initiatives like EV charging stations, rooftop solar, green hydrogen refuelling, and alternative fuels.
- The company is collaborating with IFM Investors and Graincorp to establish a renewable fuels industry, including a feasibility study for sustainable aviation fuel and renewable diesel production at its Lytton Refinery.
- CEFC emphasizes the importance of investing in sectors like transport to reduce emissions, with the transport sector currently responsible for 23% of Australia's national emissions.
- Ampol's CEO highlights the company's commitment to working towards the energy transition in partnership with the government and customers, while CEFC CEO praises Ampol's role in driving the transition to cleaner fuels within the country.
Australian fuel retailer Ampol has received a $100 million investment from the Clean Energy Finance Corporation to implement various decarbonisation strategies. These strategies include the rollout of electric vehicle charging stations, rooftop solar installations, green hydrogen refuelling, and the development of alternative energy sources such as biofuels and sustainable aviation fuel. Ampol has started deploying 110 EV charging stations at 19 service stations along key commuter routes, equipped with fast charging units. The company has also signed an MoU with IFM Investors and Graincorp to explore renewable fuel initiatives, including a potential SAF and renewable diesel facility at its Lytton Refinery. CEFC highlighted the importance of such investments in the transport sector, which currently contributes 23% of national emissions in Australia. With the government forecasting an increase in transport emissions by 2030, Ampol's efforts align with national decarbonisation goals. The CEO of Ampol expressed pride in collaborating with CEFC to facilitate the energy transition, while the CEFC CEO praised Ampol's role in promoting cleaner alternative fuels. The article emphasizes the growing adoption of EVs in Australia, with a significant increase in 2023 and EVs representing 8% of new car sales by May 2024. This partnership between Ampol and various stakeholders showcases a significant commitment to driving sustainable practices in the transport sector and reducing national emissions.
Topics
Fuel Cells
Renewable Energy
Infrastructure
Investment
Electric Vehicles
Transport Sector
Sustainable Fuels
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