Australian Heavy Industry Receives $330 Million Investment for the Future

The Albanese Government is committed to shaping a future that is distinctly Australian. They are providing substantial funding to support clean energy and emissions reduction initiatives at major industrial sites across the country.

Through the Powering the Regions Fund, a total of $330 million is being allocated to nine critical projects. These investments aim to bolster the Australian industry, ensuring its resilience and growth as global demand for low-emission products continues to rise.

Notably, these projects will not only generate hundreds of new jobs during their construction phase but also safeguard existing regional positions that have been integral to Australian families and communities for generations.

Minister Bowen visited Cement Australia’s historic Railton facility in Tasmania, where he announced a substantial investment of $52.9 million. This funding will be used to upgrade their kiln and enhance the utilization of alternative fuels, including waste, with the goal of reducing emissions. Minister for Climate Change and Energy Chris Bowen said,:

“This $330 million investment in Australia’s hard-to-abate manufacturing and mining facilities is about securing the future of high-quality, low-emissions products made right here,” 

“Northern Tasmania, Central Queensland and Western Australia have been industrial powerhouses for generations, and the Albanese Government is ensuring that continues.As global markets change rapidly we’re supporting Australian industry to not only survive but thrive with our world-class products that support regional jobs across the country.”

Additionally, the Albanese Government is supporting several other crucial projects:

QAL Alumina Refinery (Gladstone, QLD): An energy efficiency upgrade, backed by $93 million.
Adbri Cement Manufacturing (Port Adelaide, SA): A $50 million initiative to reduce emissions intensity.
Shoalhaven Starches Food Manufacturing (Nowra, NSW): $44 million for energy efficiency upgrades.
Murrin Murrin Cobalt and Nickel Operations (Leonora, WA): A $35 million investment in renewable energy to power operations.
CSBP Chemical Manufacturing Facility (Kwinana, WA): A $32.9 million project aimed at emissions reduction.
Grange Resources Iron Ore Mine (Savage River, Tas): $15 million to electrify operations.
Grange Resources Iron Pellet Plant (Port Latta, Tas): $5 million allocated for fuel switching.
Liberty Metals Manufacturing Site (Bell Bay, Tas): An alternative fuel trial supported by $700,000.