Bio diesel

And of course it won't be cheaper than dino diesel. :((((((((

Here is the press release

BP brings biofuels into the mainstream

BP Australia today announced it has signed two contracts and a Memorandum of Understanding to provide to consumers over 200 million litres of biofuels per annum by 2008. The announcement signals the early delivery by a single company of over half of the Federal Government's national target of 350 million litres.
BP President, Mr Gerry Hueston said "(BP will invest in refining and distribution infrastructure and secure product to enable biofuels to play a role in the future of Australia"'s petroleum supplies. This announcement is the culmination of many years of work by BP and demonstrates our ability to deliver cleaner fuels to Australian motorists.")
"(In delivering these initiatives we would like to acknowledge the support of the Federal and State Governments,") said Mr Hueston. "(This work signals a unique change to the composition of Australia"'s fuel supply and is evidence that much progress is being made towards the Federal Government"'s biofuels target.")
The initiatives include:-
􀂾ƒnInvestment to allow production at BP"'s Bulwer Refinery in Queensland of 110 million litres per annum of biodiesel through a new technology, with the fuel being made available to the market from 2007. The biomass feedstock has been secured through a contract for supply of tallow from Colyer Fehr Tallow Pty Ltd.
􀂾ƒnA Memorandum of Understanding with Primary Energy Pty Ltd to purchase the entire output from a new ethanol plant to be constructed by Primary Energy in Kwinana, Western Australia. This would see the production of 80 million litres of ethanol per annum to be sold across Australia as e10 from 2008.
􀂾ƒnA contract for purchase of 23 million litres of ethanol from CSR over 2 years. The ethanol will be purchased from CSR"'s Sarina distillery near Mackay and blended to produce e10 that will be sold into the Queensland market later this year.

"(BP believes biofuels have an important role to play in strengthening Australia"'s security of supply,") said Mr Hueston. "(However, the role of sound policy settings cannot be underestimated. The Government"'s Energy White Paper and introduction of legislation for petroleum market reform are steps that will result in far greater confidence in investing in the future marketing and distribution of these products

slightly off topic, good on bp for getting with the times :-))

was watching the german DW news on sbs the other night, and they had a story on petrol prices in germany, must have had a rise lately, anyway they showed the servos price boards - 1.25 euro for unleaded ( we should feel good abot that :-) )
BUT .75 euro for distallate !!!!! we is getting screwed. Obviously in europe the lower cost of producing diesel reflects at the bowser . not like here .