Licella™ has signed the agreement for the A$1M Accelerating Commercialisation (AC) grant
Licella™ is pleased to advise that today it has signed the agreement with the Australian government for the A$1M Accelerating Commercialisation (AC) grant.
Pictured (above) – back row from left to right: Peter Ryan (Entrepreneurs’ Program, AusIndustry – Business Services), Steve Rogers (Business Development Manager, Licella), John Grew (Commercialisation, Department of Industry, Innovation & Science). Seated: Gordon Ewart (CFO, Licella), Dr Len Humphreys (CEO, Licella)
Last week we announced that Licella™ had been offered a A$1M AC grant by the Australian Government, to support the commercialisation of our Cat-HTR™ technology for End-of-Life Plastic (ELP) within Australia.
Accelerating Commercialisation is part of the Australian government’s Entrepreneur’s Programme. The grant program supports Australian innovations in reaching commercialisation. The grants are offered on a dollar-matched basis, with the maximum grant achievable being A$1M.
The project will support two important National priorities; diverting plastic from landfill and our oceans and assisting Energy Security through the provision of Sustainable Liquid Fuels.
As well as diverting plastic from landfill, Licella™ will be able to reduce the cost of plastic disposal for waste companies, through the avoidance of landfill levies and tipping fees.
Licella™ will use this A$1M to assist in constructing an end to end Cat-HTR™ demonstration plant for waste plastic at our existing pilot plant, located at Somersby, on the NSW Central Coast. By demonstrating the Cat-HTR’s commercial feasibility for waste plastic this plant paves the way for the construction of Australia’s first commercial waste plastic to fuels/chemicals plant, which will most likely be located at an existing waste processing facility.
Licella™ would like to take this opportunity to again thank the Australian government’s Entrepreneur’s Programme for its support in awarding us with the Accelerating Commercialisation grant.
We look forward to bringing you more updates on the project in the near future.
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