Five major projects worth more than A$1 billion in potential private investment have been endorsed by the NSW Investment Delivery Authority, as the state moves to strengthen fuel security and reduce its exposure to global supply disruptions.
The projects span fuel storage infrastructure, renewable fuel production and heavy electric vehicle charging infrastructure, with the NSW Government saying they could help diversify fuel supply, expand storage capacity and accelerate the use of alternative fuels across key industries.
Two of the endorsed projects are located within the Wagga Wagga Special Activation Precinct, a designated industrial hub aimed at supporting regional investment, jobs and economic growth.
The five projects currently supported under the fuel security round are collectively valued at about A$1.09 billion. They include fuel storage expansions at Port Botany, a renewable-powered electric truck depot, a waste-oil re-refinery and a biomethane production facility.
Five Fuel Security Projects
The projects endorsed by the Investment Delivery Authority include:
- New Energy Transport Pty Ltd – Wilton: an electric truck depot featuring ultra-fast charging infrastructure and a renewable-powered freight fleet.
- Quantem Bulk Liquid Storage – Port Botany: an expansion of fuel storage, blending and pipeline infrastructure capable of handling conventional and renewable fuels.
- Vopak Terminals Sydney – Port Botany: expanded aviation fuel storage, including additional tanks and pipeline connections capable of supporting sustainable aviation fuel.
- Southern Oil Refining – Wagga Wagga: a waste-oil re-refinery with onsite storage.
- Bomen Bioenergy Pty Ltd – Wagga Wagga: a biomethane production facility using agricultural feedstocks to produce renewable fuel and related products.
Fuel Security Round Attracts Strong Industry Interest
The NSW Government launched the targeted fuel security investment round in June 2026, amid concerns about global fuel supply disruptions and volatility in international oil markets.
The round sought Expressions of Interest for commercially led projects valued at A$100 million or more, with a focus on projects that could strengthen NSW fuel supply and resilience.
Priority areas included fuel storage and distribution infrastructure, domestic liquid fuel production — including renewable fuels — and heavy electric vehicle charging hubs and fleets.
A total of 26 Expressions of Interest were received, alongside 24 submissions through a separate Market Sounding process.
The Market Sounding process was designed to capture earlier-stage proposals that may not yet meet the formal criteria for Investment Delivery Authority support, while helping the government identify investment barriers and emerging opportunities in the fuel security sector.
Government Support Focused on Project Delivery
The five endorsed projects will now receive practical, non-financial support from the Investment Delivery Authority.
That support can include coordinating across government agencies, addressing planning or regulatory barriers and helping major projects progress more quickly through relevant approval processes.
The IDA was established to accelerate major private investment in NSW by helping proponents navigate government processes rather than directly funding projects.
The NSW Government says the fuel security initiative is intended to improve resilience against international supply disruptions while supporting investment, regional employment and the development of alternative fuel industries.
Across its first two investment rounds, the Investment Delivery Authority has now endorsed 36 projects worth approximately A$87.42 billion, including five fuel security and resilience projects valued at around A$1.09 billion.
Be the first to comment