Federal Government has approved a 10% ethanol content of fuel sold at the pump.
This is very exciting news for the Australian ethanol industry.
Holden Australia has welcomed the move.
Indcor (ICO) a local manufacturer of ethanol, and a company listed on the Australian Stock Exchange will doubtlessly be a major beneficiary of this development.
IMHO, Indcor will be one of the stand-out stocks on the ASX in 2003.
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