The Biofuels Association of Australia today said it was delighted with the support given to the industry by the announcement made by Energy Minister Bailey of the Queensland government in its recognition of the role biofuels can play in the Australian economy.
“Like many other governments around the world the Queensland government have also realised that by supporting biofuels they are also supporting our farmers, the Queensland economy as well as increasing rural and regional employment,” said Gavin Hughes, CEO of the Biofuels Association of Australia (BAA).
“Ninety eight percent of the energy currently used in the transportation industry still derives from fossil fuels, and transportation is responsible for more than a quarter of the world’s greenhouse gas emissions. Biofuels are capable of significantly reducing the carbon emissions of Australian transport, as well as strengthening our fuel security.”
Mr Hughes went on to say, “almost every new car on sale today can already use fuel blended with either ethanol or biodiesel. By 2020 a recent report commissioned by the BAA suggests over 98% of all petrol vehicles on the road in Queensland will be able to use E10 and all vehicles will be able to use at least B5 biodiesel.”
“We need to galvanise investment into the industry and to do that we must have a clear and well-grounded regulatory and legislative environment to allow investment to take place for the long term. We must bring about clear pricing signals and appropriate fiscal initiatives to encourage low carbon solutions. With this announcement the Queensland government has made terrific step towards providing the certainty the industry needs to make further investments and the BAA looks forward to working closely with the government to develop a framework to develop the industry.”
“The BAA backs comments made by the Queensland government to maintain the current federal legislative support for the biofuels industry in providing full excise support as the changes put forward in the May 2014 budget will see the biodiesel industry close by 2018.”
The Biofuels Association of Australia Incorporated is the peak industry body representing ethanol and biodiesel producers, feedstock suppliers, technology providers, independent and major oil companies, equipment manufacturers, mining and construction companies and others.
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CEO Biofuels Association of Australia