Aussie Biofuels take a giant leap

In the last 24 hours, there have been four bio-fuel news reports on the ABC. That's too much of a coincidence so I have been googling around trying to find out more. First, here are links to the ABC stories:

Last Update: Friday, March 31, 2006. 1:01pm (AEDT)
More incentives needed to biofuel take-up
A sustainable energy expert says there are not enough incentives for country people to start using biofuels.

Last Update: Friday, March 31, 2006. 1:01pm (AEDT)
Global Ethanol targets majority stake in US producer
A Brisbane-based company will take up a 60 per cent stake in the United States' biggest farmer-owned ethanol producer.

Last Update: Friday, March 31, 2006. 5:18pm (AEDT)
BP plans wheat-based ethanol factory
Australia's first wheat-based ethanol plant is set to be built south of Perth, and could be helping to fuel West Australian cars by 2008.

Last Update: Saturday, April 1, 2006. 12:36pm (AEDT)
Wheat growers to supply ethanol plant
Western Australian wheat growers will soon be sending their produce to the country's first wheat-based ethanol plant.

Global Ethanol Holdings is a new Brisbane based company that has invested $80 million in an American Ethanol plant still under construction.

Little is known about Global Ethanol. Director Timothy McMahon yesterday referred questions to fellow director Trevor Bourne, who is in the US. Its major shareholders are companies associated with Mr Bourne. ...(Courier Mail)

The company, under Global Ethanol's leadership, is also pursuing the construction of a 100 million gallon ethanol plant at Illinois. ...(The Age)

Now, that's not the typical investment strategy of a newly formed Australian company. My guess is that BP are involved in there somewhere and there is nothing wrong with that. It certainly brings the realisation that petroleum fuels have a limited lifespan and that bio-fuels are the planned alternative.