BIOFUELS AUSTRALIA
March 1st, 2004
BY MATTHEW BRACE
THE AUSTRALIAN government wants to increase biofuels production to 350 million litres per annum by the end of the decade, to encourage canegrowers to switch from sugar to ethanol production, despite a recent report saying the policy could cut between A$70.9 million (US$52.2 million) and A$74.3 million (US$54.7 million) from GDP in 2010 because of costly subsidies. Transport fuel made from ethanol and biodiesel would be produced.
THE AUSTRALIAN government wants to increase biofuels production to 350 million litres per annum by the end of the decade, to encourage canegrowers to switch from sugar to ethanol production, despite a recent report saying the policy could cut between A$70.9 million (US$52.2 million) and A$74.3 million (US$54.7 million) from GDP in 2010 because of costly subsidies. Transport fuel made from ethanol and biodiesel would be produced.
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