Queensland Federal government eyes biofuels fund to assist economic situation

Plantations International News The Australia-based Queensland Government is to investigate the establishment of a biofutures industry development fund, which would look to financially assist first mover investment in the biofuels industry. According to local news website Daily Mercury, Premier Annastacia Palaszcuk made the announcement following the second meeting of her Biofutures Cabinet Committee. "I've said it before and I'll say it again: biofuels could have the same transformative effect on Queensland's economy as the LNG industry, but it won't happen without Government commitment," Palaszcuk said. "We already have a very constructive relationship with the US Navy, which is extremely interested in [...]