Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

State Government of Queensland : E10 fuel keeps on catching on in Queensland

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2018 | 06:23am CEST

One in five Queensland passenger vehicles is now using petrol with 10 per cent ethanol - a carbon reduction comparable to taking approximately 13,000 cars off the road.

Energy Minister Dr Anthony Lynham told Parliament today that 2.5 per cent of the regular petrol sold in Queensland in the last quarter of 2017 was ethanol, up from just 1.5 per cent when the Palaszczuk Government's biofuels mandate commenced.

'We put the mandate in place to encourage industry to invest, innovate and create jobs as part of a cleaner, greener future for Queensland and a flourishing bio-manufacturing industry,' Dr Lynham said.

'The future for our biofuels and bio-manufacturing industries in Queensland is clearly very bright.'

Dr Lynham said the mandate had also achieved another milestone in the December quarter, with the first biodiesel entering the market, with volumes expected to increase in coming months.

'We've also seen the network of service stations supplying E10 expand to more than 600 - an increase of more than 260 sites in under two years.

'Now we need 80,000 passenger vehicles to swap to E10 to get to our three per cent target - just over one-and-a-half Suncorp stadiums of car owners.

'I challenge Queensland drivers to make the switch, buy a tank of E10 and fill that virtual stadium.'

The Palaszczuk Government's biofuels mandate requires the fuel industry to meet targets for the sale of bio-based fuels: three per cent ethanol for regular unleaded petrol and a half a percent biodiesel for all diesel fuel by 1 July 2018. The ethanol mandate increases to four per cent on 1 July 2018.

Dr Lynham said the biodiesel industry was still in its infancy, but the government was working closely with industry to tackle the challenges to growing the sector.

'Importantly, further investment is currently underway to improve the supply chain to enable biodiesel blending, storage and transport in Queensland,' Dr Lynham told the House.

[ENDS]

Media inquiries: Jan Martin 0439 341 314

Disclaimer

State Government of Queensland published this content on 16 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2018 04:22:09 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
11:00aNATIONAL FARMERS' UNION OF SCOTLAND : Highland Regional Chairman's Blog 21 May 2018
PU
10:50aMINISTRY OF TRANSPORT AND COMMUNICATIONS OF RE : Minister Berner to International Transport Forum Summit in Leipzig
PU
10:46aStocks, oil and dollar rise as trade war put "on hold"
RE
10:46aStocks, oil and dollar rise as trade war put 'on hold'
RE
10:45aUFU ULSTER FARMERS' UNION : Livestock worrying now at record levels
PU
10:45aISE IRISH STOCK EXCHANGE : 2017 Financial Results
PU
10:45aICC INTERNATIONAL CHAMBER OF COMMERCE : What does cultural diversity mean to you?
PU
10:40aRussian "dirty money" flowing through London damages Britain - MPs
RE
10:35aWANNEROO CITY COUNCIL : Recycling Facility to take on scrap metal
PU
10:33aEM : Why Turkey and Argentina are the main emerging market weak links
RE
Latest news "Economy & Forex"
Advertisement