Opinion: "Australia has inadequate funding for biofuels."

August 2, 2010 |

BusinessWeek.com: “Australia has “inadequate funding” for biofuels, with the government devoting just $15 million to the technology, Julian Segal, chief executive officer of Caltex, said in a speech in Sydney today…“The determination of countries like the United States and China to find sustainable solutions to liquid energy supply should not be underestimated,” he said. Caltex plans to sell a new “high ethanol-content” fuel later this year, Segal said. Australia must have policies to encourage alternative fuels, he said.”

Novozymes CEO Steen Riisgaard: “Brazil knows what it wants to do. In the United States, similarly, they have a renewable fuels standard — they know what they want to do. You go to China: the government knows what it wants to do. They have a plan. You come to Europe and there’s not this kind of political direction. We don’t know what we want to do.”

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