June 15, 2018
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As another sugar crushing season begins KAP will continue to highlight the importance of Ethanol to Australia.
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Australia is one of the only countries who has no indigenous supply of petrol. Our fuel storage has now slipped from 23 days, (3 years ago) to just 20 days. This presents an enormous National Security risk.
Many other countries have now moved to Ethanol and it is time that Australia produces its own fuel. Ethanol presents a huge opportunity for the economy and global demand for biofuels is increasing with local consumers already seeing the benefits of lower priced ethanol blended fuels.
KAP wants to increase the ethanol mandate from 4% to 10% by 2025. This will provide great opportunities for producers and local manufacturers and processors, as well as increasing demand for agricultural products.
An increased mandate would contribute to lower petrol prices at the bowser, reduce emissions and provide a critical boost to Queensland’s agricultural industry. It would encourage companies to commit to investment in bio-fuel projects in North Queensland. This would create a boost to jobs in regional areas and ensure further capital investment in the sector.
Shane Paulger
KAP President