Tuesday, 30 September 2025have 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 tons per year of renewable methanol, derived from forestry residue biomass and green hydrogen, which can be used to fuel plans and ships, helping decarbonize hard-to-abate transportation. 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 finalize our Series A fundraise. The parties will explore optimal biomass specifications and supply chain logistics with the intention to progress to long-term supply agreements in due course.