Australian biofuel report shows slump in demand

In Australia, Australian motorists shunning the use of “green” fuel-grade ethanol to power their vehicles have driven a six-year consumption slump, according to a leading report on the nation’s biofuel industry. As a result, total annual consumption of fuel-grade ethanol in 2016 dropped more than 95 megalitres (ML) -its lowest level from its peak of 319 ML in 2010-11. Demand for all biofuels also slumped significantly in 2015- 16 to 255 ML– a decrease of 63% on the previous year driven primarily by the sharp decline in biodiesel consumption in Australia. These are some of the key findings of Australian Biofuels 2017 – a comprehensive annual review of all commercial, economic and policy developments currently affecting the Australian biofuel industry.