THE NSW Government’s Investment Delivery Authority (IDA) will run a targeted Expression of Interest (EOI) round calling for major projects that safeguard the state against future global fuel supply shocks.
The EOI will focus on commercial-scale projects valued at $100 million or more that would directly improve fuel security, including:
● fuel storage and distribution infrastructure
● domestic, import‑independent liquid fuel production, focused on renewable fuels and their feedstocks such as sustainable aviation fuel, renewable diesel, biodiesel, biomethane and green ammonia
● heavy electric vehicle charging hubs and fleets, to reduce reliance on diesel over time.
According to a NSW Government statement, the IDA will use its existing operating model to help remove delivery barriers, coordinate engagement across government and support endorsed projects to progress more quickly.
Alongside the EOI round, the NSW Government will run a market sounding process to help understand what’s needed to unlock future investment related to fuel security.
This will provide an option for proponents whose projects do not yet meet IDA EOI criteria, such as those at an earlier stage of development, to still put forward information about potential projects as part of the fuel security round.
Treasurer Daniel Mookhey said, “This is about making sure NSW is better prepared, better protected and better positioned to deal with global shocks, while keeping our economy and essential services moving.
“We also recognise that not every good idea is ready to go on day one, which is why we’re running a market sounding process alongside the EOI round.”
In a further attempt to improve fuel security, the NSW Government will also expand the Renewable Fuel Scheme to include low-carbon and renewable liquid fuels.
The Scheme currently provides financial incentives for green hydrogen and will shortly be expanded to include biomethane.
The government will now add renewable liquid fuels such as sustainable aviation fuel, renewable diesel and biodiesel, pending consultation with industry.
The fuel security round of the IDA and the market sounding process will open on 1 June, 2026.
Proponents will have three weeks to submit their projects.
For more information on the IDA visit www.nsw.gov.au/departments-and-agencies/investment-nsw/investment-delivery-authority.
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