Low Carbon Fuel Funding

In the May 2024 Federal Budget, the Australian Government announced investment in the Future Made in Australia Innovation Fund (the Program). The Program, administered by ARENA will provide up to $1.5 billion in grant funding, focusing on renewable energy and low emission technologies critical to Australia’s renewable energy transition.

Future Made in Australia Innovation Fund

About the program

The Future Made in Australia (FMA) Innovation Fund (the Program) administered by ARENA will provide up to $1.5 billion in grant funding to support pre-commercial innovation, demonstration and deployment of renewable energy and low emission technologies (Technologies), to support Australia’s transition to a net zero economy. FMA is an ongoing program which will remain open until funding is exhausted or ARENA closes the Program. Successful projects are expected to achieve one or more of the following Program Outcomes:

• increase uptake of the Technologies through innovation and commercialisation activities.
• improve Australia’s capability and capacity to produce or manufacture the Technologies.
• support and/or contribute to stronger supply chains to enable increased use of the Technologies.
• improve knowledge, skills and/or workforce participation associated with the Technologies.

ARENA undertook targeted consultation through March and April 2025 with market participants, key consultancies and industry bodies and associations, to understand and identify industries and areas most suited for funding within the priority areas.

The FMA Innovation Fund launched in December 2025 and will be an ongoing, open program. Grant funding will be available across three Priorities (the Priorities):

• $750 million to Green Metals including iron, steel, alumina and aluminium.
• Initial tranche of $200 million to Renewable Energy Technology Manufacturing (RETM) to enable development of technologies seeking to alleviate critical supply chain challenges facing the clean energy transition.
• $250 million to Low Carbon Liquid Fuels (LCLF) including sustainable aviation fuels and renewable diesel.

ARENA will host a series of webinars to provide information for each of the Priorities and you can register for these on the respective Priorities information page.

Information on current opportunities can be found below.

Key Documents

• FMA Innovation Fund Guidelines
• FMA Innovation Fund FAQs  (ARENA may update the FAQ document as the Program progresses).

Learn More:

• Pyrolysis Oil
• Marine Fuel Coprocessing
• UK Sustainable Low-Carbon Fuels
• Plastic Pyrolysis
• Feasibility Studies
• Turn-Key Projects

Win Funding for Low-Carbon Fuel Projects

Australia’s $1.5 billion Innovation Fund is backing renewable energy and low-emission technologies, including low-carbon liquid fuels.

Klean provides the feasibility studies and turn-key delivery that de-risk funded low-carbon fuel and waste-to-energy projects.

Why Choose Klean Industries’ Low-Carbon Fuel Projects?

✅ Feasibility studies to support grant bids
✅ Low-carbon fuel and pyrolysis technology
✅ Waste-to-energy project delivery
✅ Proven global track record

Ready to turn grant funding into a delivered plant?

Contact Klean Industries about low-carbon fuel funding » GO.