Australia-based oil and gas company Carnarvon Petroleum has created a new joint-venture with Frontier Impact Group to produce renewable materials, including graphene. Carnavron committed $2.6 million AUD into the new JV.
FIG is developing a bio-refinery which will produce materials from biomass and other biogenic feedstocks. The main material produced by the new bio-refinery is biodiesel which is a direct substitute for the petroleum-derived diesel. The high-grade biochar used in the process will be further refined into graphene.