Queensland biodiesel industry failing to launch despite policy

August 2, 2017 |

In Australia, despite a 0.5% blending mandate for biodiesel in Queensland since the start of the year, it hasn’t translated to demand due to low oil prices and rising feedstock costs, leaving much of the production capacity idled. Demand for tallow and UCO in the US and Europe due to their own policies promoting biodiesel is one of the main reasons for higher feedstock prices. Offtake contracts with oil companies have been slow in coming, leaving companies waiting until they can ramp up production again to fill the mandate.

Category: Fuels

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