Mr Albanese's comments come after taking a tour of Manildra on Monday where the site manager Ming Leung explained the plant processes of manufacturing products and the plans to move towards more sustainable practices.

"Manildra is a great example of value-adding," said Mr Albanese.

"They take a product of weight and use every single bit of it to produce products for here in Australia like food products to ethanol, but also to export to Asia and North America, creating 350 direct jobs in the Shoalhaven and many more jobs indirectly through the country."

Mr Albanese unveiled the Australian Labor Party's national construction fund in March, which is a $15 billion pledge to use the COVID-19 to "build back better" and achieve a "low emissions future" for Australia.

Manildra Group is Australia's leading producer of ethanol, used in fuels, alcohol, pharmaceuticals and other products.

Asked whether Mr Albanese saw a future for ethanol in light of Labor's national construction fund, he responded there would still be plenty of uses for it and local jobs wouldn't be at risk.

"Ethanol will of course continue to have a future, there are a range of uses for ethanol," he said.

"One of the things about this plant is that it's been able to use every bit of the product that comes in and convert that into sustainable uses.

"And we speak about driving down emissions, of course, using ethanol rather than normal petrol has made a difference as well in producing cleaner fuels that will remain in use whilst we transition towards more use of electric vehicles."

Mr Albanese criticised Prime Minister Scott Morrison who attended the G7 summit last week, where leaders vowed to reach net-zero carbon emissions by 2050.

"Australia is increasingly falling behind. Here we have all the world's major powers at the G7 committing to net zero emissions by 2050 and Australia is being isolated in our opposition to that," he said.

"Scott Morrison is trying to crab walk around that, saying he wants an ambition towards that as soon as possible by using different language that simply doesn't stack up.

"What we see with the G7 is leadership from the United States and United Kingdom and leadership from all the world's major democratic powers.

"And the Australian government is simply falling behind our major companies, our major banks, major industries and major peak organisations like the Business Council of Australia, the National Farmers Federation, as well as every state and territory governments who have committed to net zero by 2050."

Gilmore MP Fiona Phillips invited Mr Albanese to Manildra Group for the tour.

"Manildra is such an icon and such an important business in our local community," she said.

"We've seen so much growth here over the decades and I really wanted Anthony to take a look at that to see how important local manufacturing is for our people here."

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