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Australia has $5B bioenergy potential according to new report

Australia stands on the precipice of a significant bioenergy economy according to a new report launched this week.

Future energy organisation, Bioenergy Australia, has released the first Bioenergy State of the Nation Report in Canberra.

According to the report a significant bioenergy opportunity awaited Australia in which up to $5 billion in potential investments could be sought across regional areas and Queensland was leading the way.

The report from KPMG commissioned by Bioenergy Australia helped to outline criteria for launching a sizeable bioenergy economy. 

Speaking at Parliament House to launch the report, Shahana McKenzie, Bioenergy Australia CEO said there was much to be gained through the adoption of best practice approaches throughout Australia in light of reviews the report makes of state and territory policies to facilitate policy transfer and learning.

“Queensland has already adopted a number of successful policies which can be adapted and deployed to drive bioenergy uptake across the country,” she said.

Scania representatives, including Anthony King, Scania Australia Sustainability Manager, were in attendance at the event.

A Scania Euro 6 emissions compliant bus, capable of running on 100 per cent biodiesel and reportedly able to reduce 85 per cent in Co2 emissions, was on hand.

“The key to the report is that job creation by local people in regional areas is a win/win for biofuels, and carbon reduction allows for cleaner air,” said King.

“Biofuels and economic growth go hand-in-hand. This is a sustainable combination,” he said.
“At Scania we are not only part of the problem but we are also part of the solution. We are planting the biofuel seeds now for tomorrow's transport generation.”

“Future generations will hold us accountable, so we should start driving the shift to a sustainable transport future now.”

Bioenergy is generated from the conversion of solid and liquid biomass products for use as electricity, heat, gas, liquid fuels and bio-based products.

It is said by advocates to deliver a range of benefits such as employment and economic development of rural/agricultural communities, energy security, utilisation of waste streams and reduction in greenhouse gas emissions.

Report assessments were based on bioenergy performance measured against five evaluation criteria: Policy development and effectiveness, bioenergy project development, technology and feedstock, sustainability guidance, advocacy and education.

“Queensland is driving the bioenergy agenda on a number of fronts, and should be commended for the incredible work happening across the state,” said McKenzie.

“They have a government who recognises bioenergy as a priority industry, actively rolling out new projects through the delivery of the Biofutures Roadmap and Biofutures Program,” she said.

“There is no shortage of viable options we can implement to drive us forward, and we hope the Bioenergy Australia State of the Nation Report can be this force for change in the sector so Australia can leverage the wide-ranging potential benefits of a bio-economy.”

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