The Queensland Government is committed to stimulating an industrial biotechnology revolution in the state.
The biofuel and industrial biotechnology sector is emerging worldwide as a growing and increasingly valuable and viable industry. Queensland has the potential to become a leading producer of bioproducts and technologies, creating new markets for both technology developers and agricultural producers and providing significant regional development prospects for the state.
The Queensland Government is investing in jobs for the future through the $180 million Advance Queensland initiative. Biofuels and industrial biotechnology are a priority sector for Queensland.
In order to support the development and growth of a competitive biofuels and industrial biotechnology sector in Queensland, the government developed a Queensland Biofutures 10-Year Roadmap consultation paper. Incorporating feedback received on the consultation paper, a Biofutures Roadmap Action Plan is being prepared, which will respond to the challenges, and capitalise on the opportunities to grow the biofuels and industrial biotechnology sector in Queensland.
Public consultation now closed
Targeted stakeholder and public consultation was undertaken from 5 November to 18 December 2015.
The government will continue to work in partnership with key stakeholders in the biofuels and industrial biotechnology sector, research and innovation partners and peak bodies to develop the roadmap action plan.
The Biofutures 10-Year Roadmap Action Plan is expected to be completed by mid-2016.
The Biofutures Roadmap will complement a number of initiatives and programs already underway that will support the development of the biofuels and industrial biotechnology sector in Queensland. Examples include:
Advance Queensland is the $180 million centrepiece of the government's agenda to transform the economy and create jobs through innovation in Queensland. A key initiative is the $46 million Advance Queensland Future Jobs Strategy, which will open the door to new industry/research collaborations, tackle the big innovation challenges, focus on translation, and deliver 10-year roadmaps for industries with global growth potential.
Further information is available on the Advance Queensland website.
The Liquid Fuel Supply (Ethanol and Other Biofuels Mandate) Amendment Bill 2015 was passed by the Queensland Parliament on 1 December 2015. Additional information in relation to the biofuel mandate is on the Department of Energy and Water Supply website.
Trade and Investment Queensland is promoting Queensland as an emerging hub for biotechnology companies and research institutes, offering many collaborative and commercial opportunities for investors. Please see the Trade and Investment Queensland website for more information.
For further information about the Queensland Biofutures 10-Year Roadmap:
- read the Queensland Biofutures 10-Year Roadmap consultation paper ( 4 MB)
- read the frequently asked questions
- read the Ministerial media statement