PERTH (miningweekly.com) – Gas developer Comet Ridge has inked a memorandum of understanding (MoU) with Iro Resources for the supply of up to 5.5 PJ/y of gas from its Mahalo gas hub project, which will be used as feedstock for a proposed biofuel production facility, near Gladstone.
The biofuel project is planned to produce up to one-billion litres a year of lower carbon transport fuels to be synthesised from both sugar cane fibre and hydrogen extracted from gas, part of which is planned to be supplied from Comet Ridge’s Mahalo gas hub.
“Comet Ridge is focused on developing its significant Mahalo gas hub reserves and resources for supply to local industries and also for export to Asia. Iro’s biofuel project represents an exciting opportunity for Comet Ridge to supply gas to a local manufacturer for the benefit of the environment and local communities,” said Comet Ridge MD Tor McCaul.
Gas offtake is expected to start in the first half of 2025, and will run for a period of ten years, subject to the execution of a binding gas supply agreement.