The investment has confirmed the company's intention to build the plant in the industrial estate, which will produce competitively priced biofuels from algae feedstock.
"It will create many employment opportunities within the city for well into the future," Mr Pollock said.
According to Muradel, the company's 'secret' to the technology is the exploitation of a tiny non invasive, naturally occurring and highly productive marina microalgae that can be readily concentrated and turned into oil.
Developing sustainable energy efficient algal biofuel has been deemed as crucial to reducing Australia's carbon emissions.
Minister for Resources and Energy Martin Ferguson said the investment accelerated the commercialisation of biofuel technologies.
Muradel expressed its gratitude for the government's financial Converse High Tops Black Womens
support and the 'enthusiasm and involvement' of the Whyalla City Council.
Renewable energy company Muradel has received a $4.4 million grant from the government to build the algae biofuel demonstration plant in Whyalla.
"It is obvious that the commonwealth government are also satisfied that the company has a good project with very strong possibilities."
The algae are grown in open raceway ponds using seawater which eliminates the demand for freshwater and natural management is used against contaminating microorganisms.
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Muradel uses low energy continuous flocculation and concentration processes to create a concentrated product suitable for direct treatment into biofuels.
"Australia has a chance to capitalise on a number of competitive advantages, such as our abundant sunshine and climate, to build an advanced biofuels industry that will help diversify Black Converse High Tops Womens Cheap our liquid fuel sources and reduce greenhouse gas emissions," he said.
Mr Ferguson said ARENA was making the investment after Muradel proved its potential for its advanced biofuel technologies.
If the demonstration plant proves a success, the technology will have the potential to create sustainable 'green crude' for the petroleum and aviation industry.
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The investment was funded through the Australian Renewable Energy Agency's (ARENA) Advanced Biofuels Readiness Program.
Green light for biofuel plant funds
"This is an excellent result for Muradel and the city of Whyalla and what it shows is that Muradel have got a really good project to demonstrate," he said.
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project proves the technology's commercial viability, Muradel will be in the position to build Australia's first commercial algae to biofuels plant that will offer regional employment opportunities and increase Australia's fuel security," Mr Ferguson said.
"The new investments are expected to take the local industry forward by creating the next step in the commercialisation pathway for these advanced biofuel technologies," he said.
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