OneFortyOne Sign MoU- Transforming Forestry Residues into Low Carbon Liquid Fuels
OneFortyOne and HAMR Energy Sign MoU- Transforming Forestry Residues into Low Carbon Liquid Fuels.
OneFortyOne and HAMR Energy have entered into a Memorandum of Understanding (MoU) to collaborate on the supply of sustainable biomass for renewable methanol production in Australia and New Zealand.
The MoU marks a significant step forward in the development of HAMR Energy’s flagship Portland Renewable Fuels Project (PRF Project) in Victoria. The project will produce up to 300,000 tonnes per annum of renewable methanol, derived from forestry residue biomass and green hydrogen, which can be used to fuel planes and ships, helping decarbonise hard-to-abate transport.
The partnership aligns with the Australian Government’s Cleaner Fuels Program, announced earlier this week, which will provide $1.1 billion to support the supply of low carbon liquid fuels (LCLF).
David Stribley, Co-Founder of HAMR Energy, said: “Our MoU with OneFortyOne is another important milestone as we continue to develop our pipeline of LCLF projects and finalise our Series A fundraise. We have MoUs in place to supply all the feedstock for the PRF Project, and recently completed Pre-FEED with global chemical design company ThyssenKrupp UHDE, positioning us to move quickly through the next phase of project development. We are looking forward to working with OneFortyOne, our other project partners, state and federal governments and offtakers so that locally-sourced forestry residues are soon fuelling Australian aviation and shipping.”
Under the MoU, OneFortyOne will work with HAMR Energy to supply biomass residues initially to the PRF Project, with the potential to then leverage the learnings into New Zealand, where OneFortyOne has forestry assets in the Nelson/Marlborough regions in the South Island. The parties will explore optimal biomass specifications and supply chain logistics with the intention to progress to long-term supply agreements in due course.
Nick Chan, Director of Corporate Strategy at OneFortyOne, said: “This is a pivotal moment for trans-Tasman forestry – we believe our industry is the logical partner in this LCLF space given the predictability and reliability we offer through scale and consistency of feedstock supply, year-round operations, and utilisation of well-established infrastructure and supply chains.”
“We are excited to explore how lower-value residues can be transformed into high-impact renewable fuels, supporting emissions reduction efforts in other industries like aviation and shipping.”
“We are happy to have entered this MoU with HAMR and, if successful, we will diversify our end market exposure while working towards decarbonising our supply chain, particularly Scope 3 transport emissions. This is another example of how we’re innovating across both Australia and New Zealand.”
Over the next 18–24 months, OneFortyOne will support HAMR’s development efforts, including supplying sample wood fibre for testing and in-field operational trials to refine feedstock assumptions, in addition to progressing supply agreements.
“Our MoU with OneFortyOne is another important milestone as we continue to develop our pipeline of LCLF projects and finalise our Series A fundraise. We have MoUs in place to supply all the feedstock for the PRF Project... We are looking forward to working with OneFortyOne, our other project partners, state and federal governments and offtakers so that locally-sourced forestry residues are soon fuelling Australian aviation and shipping.”
“We are excited to explore how lower-value residues can be transformed into high-impact renewable fuels, supporting emissions reduction efforts in other industries like aviation and shipping.”
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OneFortyOne is a forestry and sawmilling business. We operate throughout the Green Triangle, Australia’s premier forestry region in Australia spanning the border of South Australia and Victoria, and the Nelson and Marlborough regions of New Zealand in the Top of the South Island.
In the Green Triangle, OneFortyOne holds long-term harvesting rights over softwood plantations, together with freehold land spanning a total productive area of c. 98,000 hectares and owns the Jubilee Highway sawmill in Mount Gambier. In New Zealand, OneFortyOne’s operations comprise c. 61,000 ha of productive softwood plantation area and the Kaituna sawmill in Blenheim. We plant millions of seedlings every year, renewably replacing the trees we harvest.
In addition to the above, OneFortyOne is currently progressing multiple biofuel opportunities, including:
· Constructing and commissioning a new boiler and steam turbine at its Jubilee Highway sawmill, to generate energy and make the site largely energy self-sufficient and potentially supplying excess energy back into the grid.
· Using forestry residues in New Zealand to produce energy for domestic, industrial customers
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About HAMR
HAMR Energy is an Australian low carbon fuels company dedicated to accelerating global decarbonisation of hard to abate sectors. With our experience in complex energy projects, we produce low carbon fuels and chemicals to help decarbonise industries like shipping & aviation.
We have the expertise, technology and vision to develop one million tonnes of low carbon fuels capacity by 2030.
Learn more: www.hamrenergy.com
Media Contacts
Nick Albrow
nalbrow@pattersonadvisory.com.au | +61 408 681 499
Joint Media Release | Sept 2025
Joint Media Release | Sept 2025