http://www.abc.net.au/rural/news/content/2006/s1764244.htm
Ethanol plant proposal shelved
Friday, 13/10/2006
The Australian ethanol industry has taken another blow, with Bundaberg Sugar deciding to shelve a $20 billion ethanol plant in north Queensland.
The company has blamed a lack of ethanol buyers for the decision, but also acknowledges it was unlikely to meet a deadline to qualify for $12 million in federal assistance.
Caroline Honan, from leading ethanol producer, the Manildra Group, says the Federal Government must do more for the fledgling biofuels sector.
"This is a perfect example that this company couldn't get an ethanol plant built and make it a commercial reality, because they didn't have a guaranteed market and that's why we are saying a national mandate is required," she said.
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