Biofuels for transport: a roadmap for development in Australia

source: Australian Academy of Technological Sciences and Engineering
"The key finding of this report is that biofuels, both bioethanol (a petroleum substitute) and biodiesel (a diesel fuel substitute) have useful roles to play as Australian transport fuels and can contribute to greenhouse gas mitigation and energy security. While so-described Generation 1 biofuels are limited by competition for scarce resources with food production, Generation 2 biofuels, using prolific but lower-value resources, hold significant promise although production costs remain high with ill-defined conversion pathways. Focused RD &D, essential for eventual technological success and commercial outcomes, relies upon the improved financing, coordination and management of leading Australian RD &D facilities and people, as well as the establishment of productive linkages with international RD&D efforts. It is recommended that a Biofuels Institute be established."