Published in Jan 09 by...

Published in Jan 09 by Caltex

http://www.caltex.com.au/thestar/issues/46-Dec-Jan-09/e_Oil_and_business_the_coming_challenges.asp

A must read if you are serious about Biodiesel and the long term future of ARW with Caltex.

in particular i found this section to be very encouraging

" See chart 4 – Australian transport fuel consumption. Beyond fuel for transport, there is fuel growth in other sectors, notably diesel for mining. Biofuels like ethanol and biodiesel will be important in transport applications where electricity is impractical.

As an oil company Caltex has a focus on the future of liquid fuels, the core of our business. But Caltex is also the largest convenience store retailer in Australia. This is a growing part of our operations which will continue to evolve. To retain our position as the leading fuel marketer we will likely be greatly increasing the amount of biofuels we sell.

Oil refineries will continue to provide substantial volumes of conventional liquid fuels, even in 2050. In the CSIRO scenarios, these fuels are blended with ethanol and biodiesel and net petrol and diesel consumption remains high.

The long-term outlook for fuels is consistent with Caltex’s outlook for Australian demand growth through 2020. While petrol demand will be flat, we see diesel increasing at about four per cent per year and jet fuel at three to four per cent per year. "

Hang on tight ARW is well placed for the future but it's still a long wait...

Cheers