HAMR closes AUS$10 million Series A

The investment marks a critical milestone as HAMR Energy advances its pipeline of LCLF projects which convert plantation forestry residues into fuel to decarbonise hard-to-abate transport including shipping and aviation. In further support of the project, Honeywell will provide its UOP eFining^TM process technology and expertise to enable renewable fuel production from methanol.

HAMR Energy’s flagship project, Portland Renewable Fuels (PRF), in regional Victoria, Australia, will use residues from the local plantation forestry industry to produce 300 000 tpy of low carbon methanol. This methanol can be used directly as a shipping fuel or converted into sustainable aviation fuel (SAF), helping close the global SAF supply gap, strengthening Australian fuel security and supporting the country’s transition to cleaner energy.

With global SAF demand estimated to reach 500 million t by 2050 (Source: IATA), HAMR Energy’s projects could play a pivotal role in production in Australia. The sector will deliver AUS$13.1 billion in Gross Value Add and create or sustain 70 000 jobs, according to a study by ICF (Source: ICF report) commissioned by Qantas and Airbus.

In addition to PRF, HAMR Energy is developing Australia’s first major methanol-to-jet fuel facility which will have the capacity to convert methanol into more than 135 million l/yr of SAF. It will create hundreds of jobs in construction and up to 130 long-term operational roles once established, enhancing Australia’s resilience and self-sufficiency in aviation fuel supply.

HAMR Energy’s experienced executive team has deep expertise in global fuel markets and complex energy projects. They have designed an innovative, vertically integrated production model to meet the needs of customers by using existing byproducts with Memorandums of Understanding for long-term supply agreements with partners including sustainable plantation forestry company OneFortyOne. This method offers lower lifecycle emissions than alternative feedstocks and utilises proven technology to produce highly competitive fuels.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/18022026/hamr-closes-aus10-million-series-a/