The Fossil Fuel (oil) resource in the world is finite, and eventually that source will be depleted.
One alternative to extend the useful life of this limited resource, is to blend Fossil Fuel. An acceptable method, is to use Ethanol as an additive. By adding one part Ethanol to nine parts of petrol, the resultant blend (universally known as E10) is to axiomatically extend the life of Fossil Fuel resources by 11%.
Ethanol/Petrol blend is making enormous strides in North and South America, as well as in Europe. Eventually, this concept will achieve traction in Australia.
Indcor (ICO), an Australian company listed on the ASX, had begun the manufacture of an Ethanol production facility in Swan Hill. Multiplex Construction, Australia's largest property developer (as measured by approved contracts), had a 28% equity holding in Indcor (ICO).
Eventually, this production facility will come on stream. The benefits of Ethanol/Petrol blend are extraordinary - enormous saving in foreign exchange, as well as cleaner burning than pure petrol through a higher combustability ratio.
IMHO, Indcor (ICO) will be one of the stand-out stocks on the ASX in 2003, and for many years to come.
