From ABC news website, 22 minutes ago:
Rudd unveils $15m ethanol plant scheme
Posted 21 minutes ago
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Labor leader Kevin Rudd has promised $15 million to help companies set up next generation ethanol pilot plants.
Mr Rudd says the money will be provided in grants to help make next generation ethanol commercially viable in five to 10 years.
The Opposition Leader travelled to a cane farm outside of Mackay in Queensland to make the announcement.
He says one of the benefits of next generation ethanol is that it will not drive up food costs, because it does not replace the production of sugar crops.
"So if this works and we can actually get these pilot projects to fire, what we're having for our sugar farmers in the future is a continued revenue stream from the sugar crop itself," he said.
"But also from the cane waste and crop waste in general a further income source which comes from the production of second generation ethanol."
This can only be a good news story for ARW!
From ABC news website, 22 minutes ago:Rudd unveils $15m ethanol...
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