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The uncertain future of the oil industry - The world is addicted to oil. The phenomenal advance in transport, materials, chemicals, and buildings in the last 100 years or so has been built on oil. However, the future of the oil industry appears to be uncertain. Climate change, rising oil prices, and unstable geopolitical situations in oil producing regions are now forcing us to consider alternative fuel sources. What are the prospects for biofuel in Australia? Is Australia ready to grow its own biofuel industry? What are the opportunities and issues in doing so?
Topic:
| "Exploration of business opportunities on biofuel in Australia? | | Date: | Monday, 7 May 2007
| Time:
| 6:30pm-8:00pm | Venue:
| MGSM CBD Campus, Level 6/51-57 Pitt Street, SYDNEY
| Bookings:
| Attendance is free and all are welcome but please RVSP to
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with your name. |
What about biofuel?Biofuel is increasingly touted as an attractive alternative fuel source because it is derived from renewable biological materials such as sugarcane, vegetable oil or animal fat. As a result, biofuel is bio-degradable, non-toxic and possesses low emission profiles compared to its petroleum counterpart.
In western countries like North America and Europe, the ethanol industry has experienced recent rapid growth. In the USA, in mid-2006, 35 ethanol plants were under construction to add to the 95 already in existence, representing a total capacity of 24.4 billion litres/year. In the EU, the biodiesel industry by mid-2006 had an operating capacity of over 6 billion litres/year.
The Australian perspectiveWhat are the prospects for biofuel in Australia? Is Australia ready to grow its own biofuel industry? What are the opportunities and issues in doing so?
Two MGSM alumni - Andr? Almeida and Serv? Sondeijker - have acted on this pressing issue and are currently prospecting business opportunities in this area. They have taken the initiative to organize this event through MGSM Networker by inviting a panel of experts who possess deep knowledge and experience in this sector.
The panel:
Mr Mauricio Assis - Brazilian Consul in Australia Brazil is the frontrunner and global leader in ethanol production since mid-1970 with currently over 300 operating ethanol plants. In addition, Brazil started in 2005 a new biodiesel program to repeat the ethanol success. Mr. Assis, the Brazilian Consul in Australia, will tell us about the Brazilian Experience in ethanol from a policy as well as commercial perspective, drawing from Brazil?s more than 30 years experience in biofuel industry development. Mr Mark Schneider - Director for Clean Energy and Power, Investec Bank
Project finance is paramount for the development of biofuel projects. Mr. Schneider will share his experience as global investor in the biofuel sector. Mr. Schneider will also talk about his expectations for the future of this burgeoning industry. Dr. Stephen Schuck ? Bioenergy Australia ManagerWhat new technological developments in biofuel are to be expected? Dr. Schuck ? who represents the Alternative and Renewable Fuels Industry on the Fuel Standards Consultative Committee - will give us his insight into the Australian biofuel market. Dr. Schuck is also Australia?s representative on the Executive Committee of the International Energy Agency?s Bioenergy programs. Professor John Mathews - MGSM Professor Mathews will present research on the impact of global climate change and energy security issues on business. In doing so, he will specifically highlight the rise of renewable energies as a possible solution.
From the SessionAdditional Links
Ethanol and Sugarcane industry
Brazilian Biodiesel Plan
International Reports
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