Proposed excise duty will affect algae biofuel industry in Australia 1
There is a proposed excise duty in Australia and it can surely affect the algae biofule industry.
There is just now realisation all over theworld that algae alone can be a biofuel without getting into food vs fuel. Algae can be food as well as fuel. It may take some time. But it can.
Alternative fuels can be a key part of our economic growth and ensure our energy self-sufficiency. With the best algae strains in the world, Australia could export algal oil to refineries in Southeast Asia and put Australia at the forefront of the aviation fuel revolution, where a percentage of algae fuel will be used in airline fleets.
If Australia is to become a competitive exporter of biofuels, the timing of the implementation of an excise tax on biofuels needs to be delayed until 2016.