Indcor (ICO) an Australian company listed on the ASX has been in the news this week.
Indcor, is in the Bio Fuels business in Australia. Bio Fuels, of which Ethanol is one example, is synthetic combustable fuel, and can be added to petrol. The effect is that the petrol/ethanol mix burns cleaner than pure petrol, plus because the additive is manufactured locally, the saving for Australia in foreign exchange is enormous.
Indcor, and its partner, the giant Multiplex Construction group headed by respected business person John Roberts, has announced plans for the development of an Ethanol manufacturing plant in Swan Hill.
Indcor had now presented a viable business plan, which includes refinancing and a restructured financial base. This coupled with the willingness of the Multiplex Corporation to add its endorsement, bodes extremely well for the future of Indcor. A realignment of shareholding in Indcor took place on the ASX in the past week, with in excess of 200m shares traded.
Indcor, a fledgling business, now presents an extremely serious approach to its future as a major player in the Bio Fuels industry. In time, Indcor will become a major exporter of Ethanol, and a major foreign currency earner for Australia.
Currently traded on the ASX at $0.006 bid per share, the upside potential of this stock is breathtaking. IMHO, Indcor (ICO), will be the stand-out stock on the ASX for 2003, and for many years to come.
Below is a summary of comment from various vehicle distributors, regarding the acceptance of ethanol for their product.
Ethanol and your vehicle
11sep03
VEHICLE manufacturers and importers have provided the following information on the capability of their vehicles to operate on ethanol fuel blends up to a maximum of 10 per cent, or E10.
This is subject to the fuel meeting the octane requirements of the vehicle and complying with relevant mandatory Australian fuel quality standards. The Commonwealth Government has limited the level of ethanol in petrol in Australia at a maximum of 10 per cent.
Before use of E10 in motor vehicles not listed below, you should consult your handbook or manufacturer to check if the fuel is suitable.
HOLDEN
All petrol-engine vehicles since 1986 will operate satisfactorily on E10.
FORD
All Falcon petrol-engine vehicles since 1998 will operate satisfactorily on E10. Contact Ford call centre for information on which other Ford vehicles can operate on E10.
MITSUBISHI
All petrol-engine vehicles since 1986 will operate satisfactorily on E10.
Mitsubishi vehicles with carburettor fuel systems built before 1991 may experience hot fuel handling concerns and may experience a lower level of durability in some fuel system components.
TOYOTA
All petrol-engine vehicles since 2000 will operate satisfactorily on E10.
Most petrol-engine vehicles since 1992 will operate satisfactorily on E10 except the following models which do not operate satisfactorily on E10 fuel:
Supra (1988-1993);
Cresida (1988-1993);
Camry (1987-1989);
Corolla (1989-1995);
Paseo (1991-1999);
Starlet (1996-1999);
Land Cruiser (1990-92);
Runner (1988-1997);
Hiace (1989-97);
Tarago (1982-1986);
Townace (1996-1998);
Hilux (1988-1997);
Coaster (1982-1993);
Dyna (1987-1995).
ALFA ROMEO
Vehicles do not operate satisfactorily on E10.
AUDI
1.8Lt A3 (2000 onward) and 2.0Lt A4 (2001 onward) vehicles do not operate satisfactorily on E10. All other Audi vehicle models since 1986 will operate satisfactorily on E10.
BENTLEY
All petrol-enginevehicles since 1986 will operate satisfactorilyon E10.
BMW
All petrol-engine vehicles since 1986 will operate satisfactorilyon E10.
CITROEN
Citroen does not recommend the use of ethanol-blend petrol.
CHRYSLER
All petrol-engine vehicles since 1986 will operate satisfactorily on E10.
DAEWOO
Please contact the Daewoo call centre for information on which vehicles can operate on E10.
DAIHATSU
Please contact the Daihatsu call centre for information on which vehicles can operate on E10.
HONDA
All petrol-engine vehicles since 1986 will operate satisfactorily on E10, but Honda does not recommend it.
HYUNDAI
Please contact the Hyundai call centre for information on which vehicles can operate on E10.
FERRARI
Vehicles will operate satisfactorily on E10 in emergency situations only, when other fuels are not available.
JAGUAR
All petrol-engine vehicles since 1986 will operate satisfactorily on E10.
KIA
Please contact the Kia call centre for information on which vehicles can operate on E10.
LAND ROVER
All petrol-engine vehicles since 1986 willoperate satisfactorilyon E10.
LEXUS
Pre-May 2002 IS200/300 vehicles do not operate satisfactorily on E10.
All other petrol-engine vehicles since 1989 will operate satisfactorily on E10.
MASERATI
Vehicles will operate satisfactorily on E10 in emergency situations only, when other fuels are not available.
All other models not listed above do notoperate satisfactorilyon E10.
MERCEDES-BENZ
All petrol-engine vehicles since 1986 will operate satisfactorily on E10.
MG
MGF (1995-2002), MG ZT(2000 onward) and MG TF(2002 onward) vehicles will operate satisfactorily on E10.
NISSAN
Please contact the Nissan call centre for information on which vehicles can operateon E10.
PEUGEOT
Please contact the Peugeot call centre for information on which vehicles can operateon E10.
PROTON
All petrol-engine vehicles since 1986 will operate satisfactorily on E10.
ROVER
Rover 75 (2000 onward) vehicles will operate satisfactorily on E10.
RENAULT
All petrol-engine vehicles since 2001 will operate satisfactorily on E10, but Renault does not recommend its use.
ROLLS-ROYCE
All petrol-engine vehicles since 1986 until 2002 will operate satisfactorily on E10.
SAAB
All petrol-engine vehicles since 1986 will operate satisfactorily on E10.
SUBARU
Subaru Liberty B4 (all year models) and Impreza WRX STI (1999 and 2000) do not operate satisfactorily on E10.
All other Subaru petrol engines since 1986 will operate satisfactorily on E10.
SUZUKI
Suzuki Alto, Mighty Boy, Wagon R+, Swift (Cino), Ignis (2003), Sierra, Stockman, Vitara, X-90, Jimny (1998-2000) and Carry (1985-1998) vehicles do not operate satisfactorily on E10.
Suzuki Baleno and Baleno GTX will operate satisfactorily on E10, but Suzuki does not recommend its use in these vehicles. Ignis (2000-02), Liana, Grand Vitara, Carry (1999-2000) vehicles will operate satisfactorily on E10.
VOLKSWAGEN
Please contact the Volkswagen call centre for information on which vehicles can operate on E10.
VOLVO
All petrol engine vehicles since 1986 will operate satisfactorily on E10.
Before use of E10 in motorcycles not listed below, you should consult your handbook or manufacturer to check if the fuel is suitable.
BMW
All motorcycles since 1986 will operate satisfactorily on E10.
HARLEY-DAVIDSON
All motorcycles since 1986 will operate satisfactorily on E10.
YAMAHA
All motorcycles and all-terrain vehicles do not operate satisfactorily on E10 fuel
