The Minns Labor Government has unlocked more than $1 billion in potential private investment with the Investment Delivery Authority (IDA) endorsing five projects that could strengthen New South Wales fuel security and resilience.
In response to the IDA's targeted fuel security round, the projects span:
- fuel storage infrastructure
- renewable fuel production
- heavy electric vehicle charging infrastructure
Together, these projects have the potential to diversify fuel supply, improve storage capacity and support alternative fuels in key sectors.
Two projects are in the Wagga Wagga Special Activation Precinct (SAP), a master planned hub driving regional economic growth and jobs.
The Minns Labor Government launched the fuel security round in June following growing concern about global fuel supply disruptions and the impact of fuel price volatility on households, businesses and essential services.
The round sought Expressions of Interest (EOIs) for commercially led projects valued at more than $100 million.
26 EOIs were received, while 24 submissions were made through the concurrent market sounding process. This has provided the NSW Government with valuable insights into emerging fuel security projects and barriers affecting future investment in the sector.
The five projects endorsed by the IDA will now receive practical, non-financial support to remove delivery barriers, improve coordination across government and accelerate project delivery.
For more information on the Investment Delivery Authority visit https://www.nsw.gov.au/departments-and-agencies/investment-nsw/ida
Minister for Energy Penny Sharpe said:
"The Minns Labor Government is taking action to strengthen our fuel security, grow clean energy industries and support the electrification of our transport sector.
"By backing projects that increase fuel supply, boost storage capacity and support renewable fuels, we are helping protect our communities and businesses from global supply disruptions and fuel price spikes."
Treasurer Daniel Mookhey said:
"Fuel security is not only a national economic issue but also a fundamental cost-of-living pressure for households and businesses.
"Global gyrations in oil prices and the flow on effect we're seeing at the local bowser, have highlighted the need to increase our fuel resilience.
"These projects represent more than $1 billion in potential investment that could help secure fuel supply, support jobs and make NSW better prepared for future global disruptions."
Minister for Planning and Public Spaces Paul Scully said:
"Recent global events have shown how quickly fuel supply disruptions overseas can affect communities and businesses here in NSW.
"Expanding fuel storage capacity and supporting new fuel infrastructure will help strengthen the resilience of our supply chains and improve our ability to respond to future disruptions.
"These projects represent practical investments that will help ensure NSW is better prepared for the challenges of the future while supporting jobs and economic activity across the State."
Minister for Industry and Trade Anoulack Chanthivong said:
"Industry has responded strongly to this targeted fuel security round, and these five projects are exactly the kind of investments we want to see more of: commercially driven, future-focused and capable of strengthening our economic resilience.
"At a time of global uncertainty, NSW is backing the infrastructure and industries that will secure supply chains, support jobs and keep our economy moving.
"The Investment Delivery Authority is helping turn major proposals into real projects faster, giving investors' confidence that NSW is open for business and ready to partner with industry."
Fuel security projects endorsed by the IDA:
| Proponent | Project description | Proposed location (LGA) |
| New Energy Transport Pty Ltd | Electric truck depot featuring ultra-fast charging infrastructure and a renewable-powered freight fleet. | Wilton (Wollondilly Shire Council) |
| Quantem Bulk Liquid Storage - Botany | Expansion of fuel storage, blending and pipeline infrastructure, including capacity for conventional and renewable fuels. | Port Botany (Randwick City Council) |
| Vopak Terminals Sydney Pty Limited | Expansion of aviation fuel storage infrastructure, including additional fuel tanks and pipeline connections capable of supporting sustainable aviation fuels. | Port Botany (Bayside Council) |
| Southern Oil Refining | Waste-oil re-refinery with onsite storage. | Wagga Wagga Special Activation Precinct (Wagga Wagga City Council) |
| Bomen Bioenergy Pty Ltd | Biomethane production facility using agricultural feedstocks to produce renewable fuel and associated products. | Wagga Wagga Special Activation Precinct (Wagga Wagga City Council) |
