Queensland explores US interest in AU$1B biofutures industry
Friday 7 Oct 2016
And now we need to take the next step and identify serious proposals, to continue the investment and growth in our biofutures industry and deliver more jobs for Queenslanders, he said. We want to hear from companies all along the supply chain from potential suppliers of feedstock, technology providers, commercial operators, investors and users of bioproducts.
This awareness raising campaign, which will run in the US, Asia and Australia will strengthen the governments understanding of the market and ultimately determine the most effective form of support it can offer. Dr Lynham said the RFI will run from early-October and the EOI process is set for mid-November.
The Premier Annastacia Palaszczuk has a clear vision to grow jobs and diversify our economy, and a AU$1 billion industrial biotechnology and bioproducts sector is front and centre of that vision, he said. This two stage process will provide important intelligence on how the State will progress its efforts to convert this vision into a reality.
The RFI will target companies within the entire biomass to bio-product supply chain, while the EOI will focus on qualified and experienced proponents capable of submitting project proposals. Dr Lynham said Queenslands business foundations of a highly skilled workforce, abundant raw materials, integrated transport systems and proximity to the growing Asian markets made it the ideal location for potential investors.
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