TITLE

Bombshell makes biofuels sector think again

AUTHOR(S)
Kovac, Matt
PUB. DATE
March 2007
SOURCE
ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article explores the impact of the Fuel Tax Act on the biofuels industry in Australia. From 2011 to 2015, excise will have to be paid in line with standard diesel and gasoline, which will cut the biodiesel subsidy for ethanol. The legislation has forced the Australian Biodiesel Group to alter its strategy by raising a capital via a rights issue to invest in the U.S. Higher feedstock prices and drought across southern and central Australia are expected to have adverse effects on the industry.
ACCESSION #
24684076

 

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