Sherdar Australia Bio Refinery announces plans to develop Australia’s first-ever renewable diesel processing and storage facility

SINGAPORE – Media OutReach – 6 December 2021 – Sherdar Australia Bio Refinery Pty Ltd,
an Australian-based company, today announced plans to develop a renewable
diesel processing and storage facility in the country. When in full operation,
the facility aims to produce 500,000 tonnes per annum of renewable fuels with
lower carbon emissions than conventional fossil fuels. This will position
Australia as one of the major renewable fuel producers and exporters in the
world, which is in support of Australia Government Policy to forge a
sustainable future.

While the exact location has yet to be
announced, the facility will cover more than 20 hectares in land size and will
be located close to adequate port infrastructure, as the primary countries for
exporting renewable diesel will be the United States and Europe to meet the
rising demand of renewable fuels in both regions. Sherdar is currently in the
final stages of engineering governmental discussions and receiving relevant
approvals for the project.

Some of the considerations in mind in
determining the eventual site were availability of supporting infrastructure
and sufficient qualified local workforce. This project, estimated to cost 600
million USD, will be looking to hire 120 people for plant operations and will create
job opportunities for more than 600 people including raw materials suppliers
and those working in logistics.

The facility will adopt the Shell
Renewable Refining Process that can input a wide range of animal fat, seed oil
and waste greases as feedstock to produce high quality renewable fuels. This
advanced technology can process 100% biofeeds into profitable renewable diesel
and sustainable aviation fuel with Shell’s hydrotreated vegetable oil (HVO)
technology.

Amon
Aslanov, CEO of Transasia
Minerals Ltd (one of the main project lead drivers) says of the project, “We
are eager to get this project started as this will be a huge opportunity for us
to establish a hub in Australia for export of renewable diesel to other parts
of the world. The benefits of renewable diesel are clear – it is the cleaner
and higher performing alternative to petroleum diesel – and this affirms our
sustainability commitment to produce renewable fuels with lesser impact to the
environment, with Australia as our preferred site location. With the support of
the government, we also hope to contribute job opportunities to the local
workforce.”