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Despite Costs, Biofuel Pumps
By Mr Ethanol | September 4, 2007
Melbourne Herald Sun:
Australian biofuel production is expected to double this year to 600 megalitres, far exceeding the Government’s production target three years early.
A report by APAC Biofuel Consultants, released in Bangkok yesterday, said annual production of ethanol and biodiesel could reach 1000ML by mid-2009.
This compares with the Federal Government target of 350ML annually by 2010.
APAC’s Mike Cochran said ethanol production was about 120ML at the moment.
“The number of E10 (blended ethanol and petrol) retail sites is expected to exceed 800 by the end of 2007 — around 13 per cent of Australian service stations and almost double the number 12 months ago,” he said.
“There are a number of other ethanol plants on the drawing board. If they come to fruition, ethanol production capacity could exceed 1000ML by 2011.”
Topics: Biofuel, Energy, Prices, Trends |
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September 4th, 2007 at 8:49 pm
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