A new $50 million biorefinery proposed for Mackay could create up to 115 jobs and position the region as an emerging bio-industry hub.
The Department of State Development recently negotiated an agreement between the State and Bio Processing Australia to pursue Mackay as the location for a new integrated biorefinery, overcoming international competition for the facility.
The proposed facility, is expected to deliver up to 70 construction and 45 skilled operational jobs and attract significant investment and further jobs in the region.
The project’s oil seed crushing plant is likely to establish large-scale soy bean cash cropping in the Mackay region, creating an additional income stream for local sugarcane farmers.
Now Mackay has won the site selection, BPA will complete a full feasibility study with a view to making a final investment decision and commencing construction of the biorefinery in 2018.
The project has been conditionally approved to be eligible to receive assistance through the $130 million Jobs and Regional Growth Fund, as part of Queensland Government’s $1 billion plan to create jobs outside the State’s south-east.