EDA Journal Vol 12. No.1 Autumn 2019 | Page 23

ECONOMIC DEVELOPMENT QUARTERLY THE BIOECONOMY IN REGIONS – AN ECONOMIC OPPORTUNITY BY DR ELIZABETH PERKINS In 2015 Renewables SA commissioned a study to examine South Australia’s Bioenergy potential with a view to creating a Bioenergy Roadmap for South Australia. This policy initiative was highlighted as one of the stand out policies in Australia by the Bioenergy State of the Nation Report in 2018. At a national level the Australian Government has been funding the Australian Biomass for Bioenergy Assessment project (ABBA). The aim of this project is to deliver a national database of biomass resources for bioenergy across Australia taking a national approach to mapping biomass rather than it occurring in disjointed ways within regions. It provides the backbone for a regional approach to projects ensuring consistent information is more readily available. These policy frameworks are key enablers in the uptake of bioenergy across South Australia. Australian Government. Since 2016 the Bioenergy Connect Program has been available across South Australia for individual businesses who produce a biomass product and have an energy requirement. The program has included two components: prefeasibility and feasibility. The Prefeasibility Fund is an enabling fund designed to help South Australia accelerate its exploration of bioenergy and the role it can play for businesses. The Prefeasibility Fund is a low risk means for businesses to take that first look at the viability of bioenergy. All businesses need to do is commit time to engage with an expert consultant and provide key data. The consultant then does some basic calculations around whether they have the ingredients for a successful project. Over the last two and a half years the Prefeasibility Fund has supported 21 projects across 6 industries with businesses from piggeries, food and timber processors to dairies and olive farms. The South Australian Bioenergy Roadmap identified the Limestone Coast as one of the hotspot areas within South Australia. To facilitate the Roadmap implementation, the Bioenergy Connect Program was developed by the South The Feasibility Fund follows the prefeasibility process. It is designed to assist those businesses who received a favourable outcome in prefeasibility to take the next step of undergoing a full viability assessment of their project. At this point the Bioenergy seminar 2018 VOL.12 NO.1 2019 | 23