Analyzing the Biofuel Industry in Australia
Although biofuels are mainly used to replace or supplement the traditional petroleum-based transportation fuels, they can also be deployed to generate heat and electricity. Being an alternative to fossils, biofuels can be applied to existing vehicles with little or no engine modification. Although they release CO2 when burned in internal combustion engines, they differ from fossil fuels partly because their use reduces the net emission of carbon dioxide and other gases associated with global climate change and partly because they are biodegradable.
The recent sustained increase in international oil prices has once again highlighted the potential for biofuels to contribute to transport fuel demand, particularly in countries that import the bulk of fossil fuel supplies. Global concerns about the effects of fossil fuel use on the environment, as well as recognition of the benefits of energy supply diversification also support increasing biofuels production and use.
There are currently three commercial producers of fuel ethanol in Australia, all on the East Coast. CSR's Sarina distillery and the Rocky Point distillery are located in Queensland and produce ethanol from molasses feedstock. The Manildra Group also produces fuel ethanol from waste starch and grain at a facility near Nowra, New South Wales. The combined capacity of these three producers has been estimated at less than 150 million liters per annum. A number of other prospective producers have projects at various stages of development.
Australian biofuels companies are benefiting from the increasing demand for alternative fuels as a source of energy for transportation and electrical generation. No doubt you already know that demand is being driven by a combination of factors such as climate change, high oil prices, market and government incentives or subsidies and increasing oil imports.
Federal Government support for fuel ethanol includes a voluntary industry biofuels target (encompassing ethanol, biodiesel, and other biofuels) of 350 million liters per annum by 2010, capital grants to current and prospective producers, fuel excise relief, and an effective tariff on imported ethanol until July 1, 2011.
There is a lot happening in the field of biofuels in Australia, and to capture these, Aruvian's R'search brings you the complete guide to the Australian Biofuels Industry – Analyzing the Biofuel Industry in Australia.
The report begins with an analysis of the basic know-hows one needs to be familiar with before starting on the fascinating journey of discovering the biofuels industry in Australia. The economics of biofuels, issues facing the industry, regulatory barriers as well as incentives, technologies involved, major types of biofuels, and many other topics are discussed in depth at the starting of the report.
Divided into four sections, Aruvian’s report then moves on to Section 2, which analyzes the Australian Energy Industry. From looking at the energy challenges facing the country to the rising demand for energy in the country, and the renewable energy certificates act in the country, the section also takes a look at the various sectors of the energy industry such as oil, natural gas, electricity, coal, amongst others.
Section 3 is focused on the Australian Biofuels Industry. History of the industry’s development through the years, the biofuel policy in Australia, position of the biofuel policy in the Australian renewable energy plan, the strategic implementation of the biofuel policy, and much more is discussed in the report.
Section 3 is also a complete analysis of the biodiesel and ethanol industry in Australia. Market overview, statistics, R&D profile, production, and end-use technologies are just some of the points focused on in the section. A comprehensive analysis is carried out on the availability of biomass for biodiesel and ethanol production and the potential use of these biomass sources in agriculture and forestry. Markets and cost analysis of the by-products of biodiesel and ethanol are something to watch out for in the report.
The economics, prices and competitiveness of biodiesel and ethanol in Australia is also touched upon, along with the benefits of biodiesel and ethanol and the barriers facing the development of biofuels in Australia.
The future of biodiesel and ethanol in terms of demand and production potential is also included.
Section 3 also profiles the leading industry players, thus concluding the report.
Grab a copy of this report and get up-to-date on A to Z of the Australian Biofuels Industry.
The recent sustained increase in international oil prices has once again highlighted the potential for biofuels to contribute to transport fuel demand, particularly in countries that import the bulk of fossil fuel supplies. Global concerns about the effects of fossil fuel use on the environment, as well as recognition of the benefits of energy supply diversification also support increasing biofuels production and use.
There are currently three commercial producers of fuel ethanol in Australia, all on the East Coast. CSR's Sarina distillery and the Rocky Point distillery are located in Queensland and produce ethanol from molasses feedstock. The Manildra Group also produces fuel ethanol from waste starch and grain at a facility near Nowra, New South Wales. The combined capacity of these three producers has been estimated at less than 150 million liters per annum. A number of other prospective producers have projects at various stages of development.
Australian biofuels companies are benefiting from the increasing demand for alternative fuels as a source of energy for transportation and electrical generation. No doubt you already know that demand is being driven by a combination of factors such as climate change, high oil prices, market and government incentives or subsidies and increasing oil imports.
Federal Government support for fuel ethanol includes a voluntary industry biofuels target (encompassing ethanol, biodiesel, and other biofuels) of 350 million liters per annum by 2010, capital grants to current and prospective producers, fuel excise relief, and an effective tariff on imported ethanol until July 1, 2011.
There is a lot happening in the field of biofuels in Australia, and to capture these, Aruvian's R'search brings you the complete guide to the Australian Biofuels Industry – Analyzing the Biofuel Industry in Australia.
The report begins with an analysis of the basic know-hows one needs to be familiar with before starting on the fascinating journey of discovering the biofuels industry in Australia. The economics of biofuels, issues facing the industry, regulatory barriers as well as incentives, technologies involved, major types of biofuels, and many other topics are discussed in depth at the starting of the report.
Divided into four sections, Aruvian’s report then moves on to Section 2, which analyzes the Australian Energy Industry. From looking at the energy challenges facing the country to the rising demand for energy in the country, and the renewable energy certificates act in the country, the section also takes a look at the various sectors of the energy industry such as oil, natural gas, electricity, coal, amongst others.
Section 3 is focused on the Australian Biofuels Industry. History of the industry’s development through the years, the biofuel policy in Australia, position of the biofuel policy in the Australian renewable energy plan, the strategic implementation of the biofuel policy, and much more is discussed in the report.
Section 3 is also a complete analysis of the biodiesel and ethanol industry in Australia. Market overview, statistics, R&D profile, production, and end-use technologies are just some of the points focused on in the section. A comprehensive analysis is carried out on the availability of biomass for biodiesel and ethanol production and the potential use of these biomass sources in agriculture and forestry. Markets and cost analysis of the by-products of biodiesel and ethanol are something to watch out for in the report.
The economics, prices and competitiveness of biodiesel and ethanol in Australia is also touched upon, along with the benefits of biodiesel and ethanol and the barriers facing the development of biofuels in Australia.
The future of biodiesel and ethanol in terms of demand and production potential is also included.
Section 3 also profiles the leading industry players, thus concluding the report.
Grab a copy of this report and get up-to-date on A to Z of the Australian Biofuels Industry.
EXECUTIVE SUMMARY
SECTION 1: UNDERSTANDING BIOFUELS
A. WHAT ARE BIOFUELS?
A.1 History of Biofuels
A.2 Major Biofuels
A.3 Uses of Biofuels
A.4 What are Direct Biofuels?
A.5 Looking at Biobutanol
A.6 Looking at Ethanol & Biodiesel
A.6.1 Ethanol
A.6.2 Biodiesel
A.7 Pros & Cons of Biofuels
A.8 Future of Biofuels
B. ECONOMICS OF BIOFUELS
B.1 Feedstock Costs
B.2 Processing Costs
B.3 Cost of Sales & Use
B.4 Overall Cost
B.5 Retail Cost & Tax Incentives
C. IMPACT OF BIOFUELS
C.1 Policy Impact on Biofuels
C.1 Environmental & Economic Impact of Biofuels
C.1 Impact on Engines
C.1 Impact on Rural Development
D. METAMORPHOSIS OF THE ENERGY INDUSTRY & BIOFUELS
SECTION 2: LOOKING AT AUSTRALIA’S ENERGY INDUSTRY
A. OVERVIEW OF AUSTRALIA’S ENERGY INDUSTRY
A.1 Introduction & Overview
A.2 Energy Production & Trade
A.3 Energy Use in Australia
A.4 Renewable Energy Uptake
A.5 Role of Nuclear Energy in Australia
B. ROLE OF THE ENERGY INDUSTRY IN IMPROVING AUSTRALIA’S PRODUCTIVITY
C. ANALYZING THE OIL MARKET IN AUSTRALIA
C.1 Market Profile
C.2 Market Structure
C.3 Oil Exploration & Production
C.4 Pipeline Network
C.5 Oil Refining Industry
D. ANALYZING THE NATURAL GAS MARKET IN AUSTRALIA
D.1 Market Profile
D.2 Market Structure
D.3 Natural Gas Exploration & Production
D.4 LNG Developments
D.5 Pipeline Network
E. ANALYZING THE COAL MARKET IN AUSTRALIA
E.1 Market Profile
E.2 Market Structure
E.3 Coal Production Statistics
E.4 Coal Export Statistics
F. ANALYZING AUSTRALIA’S ELECTRICITY MARKET
F.1 Market Profile
F.2 Market Structure
F.3 Producing Electricity from Renewable Energy
G. ANALYZING AUSTRALIA’S RENEWABLE ENERGY CERTIFICATE SYSTEM
G.1 Overview & Historical Background
G.2 Primary Objective of the Mandatory Renewable Energy Target (MRET)
G.3 Understanding the Legal Framework
G.4 Role of Renewable Energy Certificates
G.5 Investment in the Act
G.6 Market Trading
G.7 Conclusion
SECTION 3: ANALYZING AUSTRALIA’S BIOFUEL INDUSTRY
A. INDUSTRY OVERVIEW
A.1 Industry Profile
A.2 Comparing International Oil Prices & Australian Fuel Prices
A.3 Analyzing the Threshold Prices for Biofuels
A.4 Production Scenario
A.5 Biofuel Production Costs
A.5.1 Operating & Fixed Costs
A.5.2 Cost of Feedstock
A.6 Tax Laws
A.7 Government Support
A.8 Marketing of Biofuels
A.9 Current & Planned Capacity of Biofuels in Australia
A.9.1 Overview
A.9.2 Ethanol
A.9.3 Biodiesel
A.10 Major Issues Facing the Industry
A.11 How are Biofuels Produced in Australia
A.12 Future of Biofuels in Australia
A.12.1 Overview
A.12.2 First Generation Biofuel Production
A.12.3 Second Generation Biofuel Production
B. COMPARISON OF GLOBAL & AUSTRALIAN PRODUCTION LEVELS OF BIOFUELS
C. COMPARISON OF FIRST & SECOND GENERATION BIOFUELS
D. ANALYZING THE ETHANOL & BIODIESEL INDUSTRY IN AUSTRALIA
D.1 Ethanol
D.1.1 Production Capacity
D.1.2 Blending & Distribution
D.2 Biodiesel
D.2.1 Production Capacity
D.2.2 Blending & Distribution
E. ANALYZING PRODUCTION COSTS & REVENUES FROM ETHANOL BY-PRODUCTS
E.1 Overview
E.2 Summary of Costs
E.3 Feedstock Costs
E.3.1 Grain Feedstock
E.3.2 Molasses Feedstock
E.4 Capital Costs
E.5 By-Product Revenues
E.6 Other Costs
F. ANALYZING PRODUCTION COSTS & REVENUES FROM BIODIESEL BY-PRODUCTS
F.1 Overview
F.2 Factory Return
F.3 By-Product Revenues
F.4 Capital Costs
F.5 Other Costs
G. FACTORS DRIVING GROWTH OF THE AUSTRALIAN BIOFUEL INDUSTRY
G.1 Climate Change & GHG Emissions
G.2 Effect of Biofuels on Land & Water Supply
G.3 Securing the Fuel Future of Australia
G.4 Health Benefits of Biofuels
G.5 Opportunities in Agriculture & for Rural Regions
H. ANALYZING THE AVAILABLE FEEDSTOCKS FOR BIOFUELS
H.1 Overview
H.2 Present Production Base for Feedstock
H.3 Using Non-Utilized Land for Crops
I. ANALYZING THE REGULATORY FRAMEWORK
I.1 Subsidies to Fossil Fuel Use
I.2 Biofuel Policies & their Impact on the Industry
I.3 Comparing Australian Policies to Global Regulations
I.4 A Look at National-level Policies
I.4.1 Queensland
I.4.2 New South Wales
I.4.3 Australian Capital Territory
I.4.4 Victoria
I.4.5 South Australia
I.4.6 Northern Territory
I.4.7 Western Australia
I.4.8 Tasmania
I.5 Policies Supporting the Production & Use of Biofuels
I.6 Import Regimes for Biofuels
I.7 A Look at the History of Regulatory Support for Biofuels
I.7.1 Historical Background
I.7.2 Fuel Taxation Inquiry of 2001–2002
I.7.3 Biofuels Capital Grants Programs
I.7.4 Biofuels Taskforce
I.7.5 Fuel Tax Act of 2006
I.8 Maintaining Biofuel Quality Standards
J. REGULATORY SUPPORT FOR THE ETHANOL INDUSTRY
J.1 Support under Renewable Energy Programs (1999 to 2003)
J.2 Support under Biofuels Capital Grants Program (2003–2004)
J.3 Support under Programs for the Sugar Industry (2002-2006)
J.4 Support under Greenhouse Gas Abatement Program (2002-2006)
J.5 Support for Ethanol Vehicles
J.6 Support for the Consumption of Ethanol
J.7 Funding for Research & Development
K. REGULATORY SUPPORT FOR THE BIODIESEL INDUSTRY
K.1 Tariffs for Biodiesel
K.2 Reduced Rates for Excise Taxes
K.3 Support under the Renewable Energy Equity Fund (2003–2006)
K.4 Support under the Biofuels Capital Grants Program (2003–2004)
K.5 Support under the Dairy Regional Assistance Program
K.6 Support for Land used for Biodiesel Plants
K.7 Support for Distribution & Consumption
K.8 Support for Biodiesel Vehicles
K.9 Support for the Consumption of Biodiesel
K.10 Funding for Research & Development
L. ANALYZING THE TRADE BARRIERS TO THE AUSTRALIAN BIOFUEL INDUSTRY
M. ANALYZING THE COMPETITION FOR CROPS IN ALTERNATIVE MARKETS
M.1 Looking at the Global Scenario
M.2 Analyzing the Scenario in Australia
N. IMPACT OF THE BIOFUEL INDUSTRY ON REGIONAL AUSTRALIA
N.1 Introduction & Overview
N.2 Economic Impact of Biofuels on Australia’s Regions
N.3 Analyzing the Opportunities for Biodiesel in Regional Australia
N.4 Analyzing the Bioproducts from Sugar & Ethanol
N.5 Role of Lignocellulosic Biomass
O. IMPACT OF BIOFUELS ON THE FEEDGRAIN MARKET
P. ANALYZING THE BIOFUEL INFRASTRUCTURE IN AUSTRALIA
P.1 Present & Future Biofuel Production Facilities
P.2 Challenges Facing Transition from First to Second Generation Production
P.2.1 Overview
P.2.2 Biofuel Production Facilities
P.2.3 Issues with Harvesting & Transportation
P.2.4 Blending and Distribution Infrastructure
P.2.5 Potential for Future Installations
Q. LEADING INDUSTRY CONTRIBUTORS
Q.1 Australian Biodiesel Group
Q.2 Australian Ethanol
Q.3 Australian Renewable Fuels
Q.4 Axiom Energy
Q.5 Biodiesel Industries Australia
Q.6 Biodiesel Producers Australia
Q.7 Biodiesel Producers Limited
Q.8 BP Australia
Q.9 CSR Distilleries
Q.10 Dalby Biorefinery
Q.11 Eco-Tech Biodiesel
Q.12 Energetix Biodiesel
Q.13 Future Fuels
Q.14 Manildra Group
Q.15 Natural Fuels Australia
Q.16 Primary Energy
Q.17 Riverina Biofuels
Q.18 Rocky Point Sugar Mill
Q.19 Smorgon Fuels Pty Ltd
Q.20 South Australian Farmers Fuel
SECTION 4: CONCLUSION
A. APPENDIX
B. GLOSSARY OF TERMS
SECTION 1: UNDERSTANDING BIOFUELS
A. WHAT ARE BIOFUELS?
A.1 History of Biofuels
A.2 Major Biofuels
A.3 Uses of Biofuels
A.4 What are Direct Biofuels?
A.5 Looking at Biobutanol
A.6 Looking at Ethanol & Biodiesel
A.6.1 Ethanol
A.6.2 Biodiesel
A.7 Pros & Cons of Biofuels
A.8 Future of Biofuels
B. ECONOMICS OF BIOFUELS
B.1 Feedstock Costs
B.2 Processing Costs
B.3 Cost of Sales & Use
B.4 Overall Cost
B.5 Retail Cost & Tax Incentives
C. IMPACT OF BIOFUELS
C.1 Policy Impact on Biofuels
C.1 Environmental & Economic Impact of Biofuels
C.1 Impact on Engines
C.1 Impact on Rural Development
D. METAMORPHOSIS OF THE ENERGY INDUSTRY & BIOFUELS
SECTION 2: LOOKING AT AUSTRALIA’S ENERGY INDUSTRY
A. OVERVIEW OF AUSTRALIA’S ENERGY INDUSTRY
A.1 Introduction & Overview
A.2 Energy Production & Trade
A.3 Energy Use in Australia
A.4 Renewable Energy Uptake
A.5 Role of Nuclear Energy in Australia
B. ROLE OF THE ENERGY INDUSTRY IN IMPROVING AUSTRALIA’S PRODUCTIVITY
C. ANALYZING THE OIL MARKET IN AUSTRALIA
C.1 Market Profile
C.2 Market Structure
C.3 Oil Exploration & Production
C.4 Pipeline Network
C.5 Oil Refining Industry
D. ANALYZING THE NATURAL GAS MARKET IN AUSTRALIA
D.1 Market Profile
D.2 Market Structure
D.3 Natural Gas Exploration & Production
D.4 LNG Developments
D.5 Pipeline Network
E. ANALYZING THE COAL MARKET IN AUSTRALIA
E.1 Market Profile
E.2 Market Structure
E.3 Coal Production Statistics
E.4 Coal Export Statistics
F. ANALYZING AUSTRALIA’S ELECTRICITY MARKET
F.1 Market Profile
F.2 Market Structure
F.3 Producing Electricity from Renewable Energy
G. ANALYZING AUSTRALIA’S RENEWABLE ENERGY CERTIFICATE SYSTEM
G.1 Overview & Historical Background
G.2 Primary Objective of the Mandatory Renewable Energy Target (MRET)
G.3 Understanding the Legal Framework
G.4 Role of Renewable Energy Certificates
G.5 Investment in the Act
G.6 Market Trading
G.7 Conclusion
SECTION 3: ANALYZING AUSTRALIA’S BIOFUEL INDUSTRY
A. INDUSTRY OVERVIEW
A.1 Industry Profile
A.2 Comparing International Oil Prices & Australian Fuel Prices
A.3 Analyzing the Threshold Prices for Biofuels
A.4 Production Scenario
A.5 Biofuel Production Costs
A.5.1 Operating & Fixed Costs
A.5.2 Cost of Feedstock
A.6 Tax Laws
A.7 Government Support
A.8 Marketing of Biofuels
A.9 Current & Planned Capacity of Biofuels in Australia
A.9.1 Overview
A.9.2 Ethanol
A.9.3 Biodiesel
A.10 Major Issues Facing the Industry
A.11 How are Biofuels Produced in Australia
A.12 Future of Biofuels in Australia
A.12.1 Overview
A.12.2 First Generation Biofuel Production
A.12.3 Second Generation Biofuel Production
B. COMPARISON OF GLOBAL & AUSTRALIAN PRODUCTION LEVELS OF BIOFUELS
C. COMPARISON OF FIRST & SECOND GENERATION BIOFUELS
D. ANALYZING THE ETHANOL & BIODIESEL INDUSTRY IN AUSTRALIA
D.1 Ethanol
D.1.1 Production Capacity
D.1.2 Blending & Distribution
D.2 Biodiesel
D.2.1 Production Capacity
D.2.2 Blending & Distribution
E. ANALYZING PRODUCTION COSTS & REVENUES FROM ETHANOL BY-PRODUCTS
E.1 Overview
E.2 Summary of Costs
E.3 Feedstock Costs
E.3.1 Grain Feedstock
E.3.2 Molasses Feedstock
E.4 Capital Costs
E.5 By-Product Revenues
E.6 Other Costs
F. ANALYZING PRODUCTION COSTS & REVENUES FROM BIODIESEL BY-PRODUCTS
F.1 Overview
F.2 Factory Return
F.3 By-Product Revenues
F.4 Capital Costs
F.5 Other Costs
G. FACTORS DRIVING GROWTH OF THE AUSTRALIAN BIOFUEL INDUSTRY
G.1 Climate Change & GHG Emissions
G.2 Effect of Biofuels on Land & Water Supply
G.3 Securing the Fuel Future of Australia
G.4 Health Benefits of Biofuels
G.5 Opportunities in Agriculture & for Rural Regions
H. ANALYZING THE AVAILABLE FEEDSTOCKS FOR BIOFUELS
H.1 Overview
H.2 Present Production Base for Feedstock
H.3 Using Non-Utilized Land for Crops
I. ANALYZING THE REGULATORY FRAMEWORK
I.1 Subsidies to Fossil Fuel Use
I.2 Biofuel Policies & their Impact on the Industry
I.3 Comparing Australian Policies to Global Regulations
I.4 A Look at National-level Policies
I.4.1 Queensland
I.4.2 New South Wales
I.4.3 Australian Capital Territory
I.4.4 Victoria
I.4.5 South Australia
I.4.6 Northern Territory
I.4.7 Western Australia
I.4.8 Tasmania
I.5 Policies Supporting the Production & Use of Biofuels
I.6 Import Regimes for Biofuels
I.7 A Look at the History of Regulatory Support for Biofuels
I.7.1 Historical Background
I.7.2 Fuel Taxation Inquiry of 2001–2002
I.7.3 Biofuels Capital Grants Programs
I.7.4 Biofuels Taskforce
I.7.5 Fuel Tax Act of 2006
I.8 Maintaining Biofuel Quality Standards
J. REGULATORY SUPPORT FOR THE ETHANOL INDUSTRY
J.1 Support under Renewable Energy Programs (1999 to 2003)
J.2 Support under Biofuels Capital Grants Program (2003–2004)
J.3 Support under Programs for the Sugar Industry (2002-2006)
J.4 Support under Greenhouse Gas Abatement Program (2002-2006)
J.5 Support for Ethanol Vehicles
J.6 Support for the Consumption of Ethanol
J.7 Funding for Research & Development
K. REGULATORY SUPPORT FOR THE BIODIESEL INDUSTRY
K.1 Tariffs for Biodiesel
K.2 Reduced Rates for Excise Taxes
K.3 Support under the Renewable Energy Equity Fund (2003–2006)
K.4 Support under the Biofuels Capital Grants Program (2003–2004)
K.5 Support under the Dairy Regional Assistance Program
K.6 Support for Land used for Biodiesel Plants
K.7 Support for Distribution & Consumption
K.8 Support for Biodiesel Vehicles
K.9 Support for the Consumption of Biodiesel
K.10 Funding for Research & Development
L. ANALYZING THE TRADE BARRIERS TO THE AUSTRALIAN BIOFUEL INDUSTRY
M. ANALYZING THE COMPETITION FOR CROPS IN ALTERNATIVE MARKETS
M.1 Looking at the Global Scenario
M.2 Analyzing the Scenario in Australia
N. IMPACT OF THE BIOFUEL INDUSTRY ON REGIONAL AUSTRALIA
N.1 Introduction & Overview
N.2 Economic Impact of Biofuels on Australia’s Regions
N.3 Analyzing the Opportunities for Biodiesel in Regional Australia
N.4 Analyzing the Bioproducts from Sugar & Ethanol
N.5 Role of Lignocellulosic Biomass
O. IMPACT OF BIOFUELS ON THE FEEDGRAIN MARKET
P. ANALYZING THE BIOFUEL INFRASTRUCTURE IN AUSTRALIA
P.1 Present & Future Biofuel Production Facilities
P.2 Challenges Facing Transition from First to Second Generation Production
P.2.1 Overview
P.2.2 Biofuel Production Facilities
P.2.3 Issues with Harvesting & Transportation
P.2.4 Blending and Distribution Infrastructure
P.2.5 Potential for Future Installations
Q. LEADING INDUSTRY CONTRIBUTORS
Q.1 Australian Biodiesel Group
Q.2 Australian Ethanol
Q.3 Australian Renewable Fuels
Q.4 Axiom Energy
Q.5 Biodiesel Industries Australia
Q.6 Biodiesel Producers Australia
Q.7 Biodiesel Producers Limited
Q.8 BP Australia
Q.9 CSR Distilleries
Q.10 Dalby Biorefinery
Q.11 Eco-Tech Biodiesel
Q.12 Energetix Biodiesel
Q.13 Future Fuels
Q.14 Manildra Group
Q.15 Natural Fuels Australia
Q.16 Primary Energy
Q.17 Riverina Biofuels
Q.18 Rocky Point Sugar Mill
Q.19 Smorgon Fuels Pty Ltd
Q.20 South Australian Farmers Fuel
SECTION 4: CONCLUSION
A. APPENDIX
B. GLOSSARY OF TERMS
