The Bio Fuels are considered as Third-Generation fuels in the world. By 2020, biofuels will meet only 0.5-1% of total transport fuel demand in Australia and New Zealand. Australia and New Zealand is dependent on conventional fuels and is not trying much to produce Bio Fuels. Australia and New Zealand produced 0.36% of world’s bio diesel in 2012. Bio Fuels industry in Australia and New Zealand will gain its momentum on account of increasing fuel consumption, continuous depletion of natural resources and economic strengthening. Bio Fuels production in the Australia and New Zealand has witnessed a CAGR of 10.8% over 2008-12 and consumption expanded at a CAGR of 1.6% over the same period. Bio fuel industry in Australia and New Zealand will expand at a CAGR of 5.42% over 2015-20.
New Zealand production was mostly driven by farmers and at a nascent stage whereas Australia has been a member of APEC biofuels task force since its inception in 2006. Australia is exporting a large quantity of biofuels. Increase in fuel demand are helping the Bio Fuels sector growth in Australia and New Zealand.
What the report offers:
The study elucidates the situation of Australia and New Zealand and predicts the growth of its Automobile Bio-Fuel Industry. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Automobile Bio-Fuel sector of Australia and New Zealand. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types’ Automobile Bio-Fuel available in the country.
