GrainCorp Calls for National Biofuel Mandates to Strengthen Australia's Energy Security
GrainCorp (ASX:GNC) is urging Australia to introduce national biofuel mandates after fuel supply disruptions linked to the Iran war highlighted the country's dependence on imported fuels, In an interview, Spurway said locally grown canola could be used to produce biofuels, including sustainable aviation fuel (SAF), while having little impact on export volumes. The company said Australia has sufficient feedstock to meet SAF demand by 2030, but more government support for investment and research will be needed, even as the country commits AU$1.1 billion to establish domestic renewable fuel production by 2029.
GrainCorp (ASX:GNC) is urging Australia to introduce national biofuel mandates after fuel supply disruptions linked to the Iran war highlighted the country's dependence on imported fuels, In an interview, Spurway said locally grown canola could be used to produce biofuels, including sustainable aviation fuel (SAF), while having little impact on export volumes.
The company said Australia has sufficient feedstock to meet SAF demand by 2030, but more government support for investment and research will be needed, even as the country commits AU$1.1 billion to establish domestic renewable fuel production by 2029.