First Aus export of biodiesel leaves for Asia, US: green alternative the ‘way of the future’, says Natural Fuels chair
Posted by gmarkets on 3 October, 2007
Australia’s first export shipment of biodiesel has been loaded on a freighter bound for Asia and the US, as former Liberal leader and company director John Hewson described the green alternative as the way of the future, reported The Australian Financial Review (3/8/2007, p.17).
Made from palm oil: The maiden shipment of 8.8 million litres of biodiesel, made from palm oil by Natural Fuels Australia, left from Darwin harbour. “Alternative fuels are now a focus of governments all around the world,” Natural Fuels chair Dr Hewson said in Darwin. “This is the first export from Australia, but it’s a potential export industry for Australia.” Natural Fuels Australia was a 50-50 joint venture between Natural Fuel Ltd and investment bank Babcock & Brown.
The Australian Financial Review, 3/8/2007, p. 17