The money to be released over 10 years and is intended to stimulate private investment in products like biodiesel and sustainable aviation fuel, the government said. — AFP
CANBERRA: The Australian government says it will invest A$1.1bil (US$735mil) in the development of a low-carbon fuels industry, a move welcomed by farm groups, who hope it will boost demand for biofuel feedstocks like canola and sugarcane.
The money to be released over 10 years and is intended to stimulate private investment in products like biodiesel and sustainable aviation fuel, the government said in a statement.
