Axiom Energy to Build 39.6 mgy Biodiesel Manufacturing Facility

After securing portside land at Toll GeelongPort, Axiom Energy plans to build a 39.6 million gallons per year (mgy) biodiesel manufacturing facility, expected to be fully operational mid 2007. It will produce biodiesel made from renewable plant oils and animal fats with infrastructure to double production. Arrangements are confirmed for site, storage, raw materials, technology and output.

said that on completion, the company’s biodiesel manufacturing facility at Toll GeelongPort would be the largest in Victoria and would be the first Victorian producer to market biodiesel on a commercial scale. “Toll Holdings and Terminals Pty Ltd. have demonstrated their support for the project by providing the opportunity for Axiom Energy to secure a long-term lease holding for a one-hectare site and facilities for the handling and storage of bulk liquid feedstock and product,” said Goldman. “The combined investment in Geelong will total approximately $50 million and will be made up of Axiom Energy’s biodiesel manufacturing facility,” he said, “as well as the investment in expanded storage facilities by Terminals Pty Ltd.” The new facility will “generate up to 20 full time and 20 indirect positions, aside from construction related employment. It will also enhance revenues to the area, boosting the economic prospects of Victoria’s largest regional city. The company expects approximately 16 ship visits to service this facility annually.” Axiom Energy’s proposed biodiesel manufacturing facility will incorporate technology from U.S. based company Safer Energy Group, which will provide a biodiesel production turnkey solution based on globally recognized technology. “Axiom Energy will produce biodiesel from renewable plant oils and animal fats, employing proven technology. The facility will produce virtually zero atmospheric emissions complying with EPA and local regulatory requirements. This, together with the fact that biodiesel is biodegradable, will give the city of Geelong additional green credentials,” Goldman added. The Australian Government incentives provide strong impetus for the growth of alternative fuel products. Australia consumed 14.5 billion liters of automotive diesel in 2003-04, of which Australia’s seven refineries produced 12.5 billion liters for domestic requirements. International diesel consumption was more than 1,050 billion liters in 2000.
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