On March 28, 2018, Bioenergy Australia and the Queensland University of Technology (QUT) released “Biofuels to bioproducts: A growth industry for Australia.” The paper calls for the implementation of a Five-Point Plan creating a bioenergy policy framework to spur growth in Ausralia’s bioeconomy. The paper also argues that the current lack of policy and programs encouraging the bioenergy industry have hurt Australia as it has missed out on economic, social, and environmental benefits that other countries have experienced as a result of bioeconomy growth. It is suggested that “increased use of 10 per cent ethanol-blended petrol (E10) in Australia could create more than 8600 direct & indirect jobs, attract $1.56 billion in investment and generate more than $1.1 billion in additional revenue each year in regional areas.” The researchers proposed a Five-Point Plan in the paper, which includes:
- Developing a national biofuels, biobased products, and bioeconomy strategy;
- Implementing a national biofuels mandate supporting the introduction of higher quality fuels;
- Providing supporting mechanisms of education, incentives, and infrastructure;
- Establishing policy frameworks for advanced/drop-in biofuels, biochemical, and biobased products; and
- Supporting commercial developments through industry and research collaboration.