EXECUTIVE SUMMARY
The total diesel consumption of Australia in 2009 was 19 Gigalitres and they imported 43% of their total needs. The world the way we see it cannot operate without sometime kind of fuel to sustain them. However it must be noted that fossil fuel is a natural non-renewable resource which once utilized will not come back. Therefore, there must be other alternates which have be considered keeping the future in mind. One such very viable alternate is biodiesel.
Therefore the agri-business that I would recommend for my client who is emigrating to Australia is Bio-Diesel.
INTRODUCTION
Biodiesel fuel is a clean burning alternative fuel that comes from 100% renewable resources. Many people believe that Biodiesel is the fuel of the future. Some people would also call it as Biofuel. Biodiesel does not contain petroleum, but can be mixed with petroleum to produce a biodiesel blend. The most common bio diesel blends are B20 (20% biodiesel) and B5 (5 % biodiesel) that can be used in a variety of vehicles. Pure biodiesel fuel, though, can only be used in diesel engines. Biodiesel is biodegradable and non-toxic, making it so safe that common table salt has been proven more toxic.
Biodiesel is not like vegetable oil alternative fuels. Biodiesel can be used in its unaltered form in diesel engines. Vegetable oil fuels must be modified and used only in combustion- ignition engines. This makes biodiesel one of the easiest alternative fuels to use. In fact, it is a great option for use on farms in farm equipment.
HISTORY OF BIO DIESEL
Bio diesels go back to the late 1800’s when Rudolph Diesel designed the compression engine. He believed that he could show the world that a common substance like peanut oil may be used to make fuel. Those were the days when engines were run with coal, however, Rudolph felt that there could be a better source of fuel than burning fossils.
A lot of people actually believed in this particular type of fuel. Among...