Queensland plant to turn waste into cheap synthetic diesel for farms
MeOH Energy plans a $1 billion Queensland plant to make synthetic diesel from waste at below $2 per litre.
A new fuel project could help Australian farms cut diesel costs by more than 60 cents a litre. The Queensland company aims to convert waste including old tyres, urban rubbish and agricultural residue into synthetic diesel via advanced carbon transformation.
The proposed Gladstone plant would produce about 400,000 litres daily, mostly from waste headed to landfill. MeOH Energy claims the fuel will be effectively 30 per cent cleaner to burn than conventional diesel.
Current retail diesel sits around $2.80 a litre in regional Australia after Middle East tensions pushed prices sharply higher. The company has spent about $17 million on development since 2021 and will begin a $2 million feasibility study.
Production is three to five years away pending regulatory approvals and feedstock deals.
- $1 billion
- Proposed plant cost
- 400,000 litres
- Daily production target
- Below $2 per litre
- Wholesale price target
- $17 million since 2021
- Development spending to date
Why it mattersDiesel is crucial to farming and freight, and high prices put real pressure on rural costs and supply chains.
AustraliaAustralian farms face expensive diesel, and this project could offer meaningful relief if it reaches production; also tackles Sydney's looming waste disposal crisis.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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