Innovation
Business

Boosting Australia’s Diesel Storage Program

Funder:  Federal – Industry

Grant Background: The Boosting Australia’s Diesel Storage Program is part of the Government’s 10-year comprehensive fuel security package to increase Australia’s resilience to fuel supply disruptions, secure sovereign refining capability, and keep fuel prices low for consumers.

The objectives of the program are to:

  • provide matched funding to industry to construct new diesel storage that will result in an estimated 780ML of additional diesel storage being kept onshore. This quantity is estimated to be required for industry to meet the proposed minimum stockholding obligation by 2024
  • support job creation in local industries.

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