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Market Overview
The Australia biofuel market reached a size of USD 2.79 Billion in 2024 and is expected to expand to USD 9.29 Billion by 2033, according to a detailed industry report. The market is projected to register a compound annual growth rate (CAGR) of 12.8% during the forecast period from 2025 to 2033. This growth is driven by government policies promoting renewable energy, rising environmental awareness, cleaner transportation fuels demand, technological advances in biofuels, and sustainable agricultural investments.
Read more details in the Australia Biofuel Market https://www.imarcgroup.com/australia-biofuel-market
How AI is Reshaping the Future of Australia Biofuel Market:
Market Growth Factors
Government Support and Policy Frameworks are a key driver of the Australia biofuels industry. The Australian government mandates minimum biofuels blending in conventional fuels in New South Wales and Queensland which has resulted in a steady demand for ethanol and biodiesel. Complementary fuels policies are designed to ensure fuels can be used in existing vehicles, increase consumer confidence, and support industry development. Capital grants, tax incentives and co-investment programs through the Australian Renewable Energy Agency (ARENA) ease when people invest. CSIRO and ARENA fund research of advanced biofuels. Policies also encourage investors with investment in expanded clean energy production. Public and private sector buyers use that energy.
Abundant feedstocks: sugarcane, canola, sorghum, and organic waste are produced abundantly in rural areas of Australia, enabling local production of ethanol and biodiesel and decreasing Australia's reliance on imported fuels. Agricultural efficiencies yield feedstocks without interfering with food production; farmers receive payments for supplying residues and wastes as feedstock for bio-refineries. Availability of the resource in Australia increases the country's ability to be self-sustainable in biofuels, provides economic opportunities for regional communities, and meets increasing carbon neutrality pressures.
Another benefit of biofuels is energy security, as Australia is heavily reliant on imported petroleum which may be subject to price volatility and disruptions. The role of biofuels as domestic renewable fuels provides energy independence and security for the transportation, commercial, and defense sectors, and through the development of regional bio-refineries and feedstock production, builds local capacities to become more energy resilient at the national level. This focus is both a decarbonization goal and a government and private sector commitment to developing the nation's domestic energy resources.
Australia Biofuel Market Segmentation
Type Insights:
https://www.imarcgroup.com/request?type=report&id=34730&flag=F
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302
The Australia biofuel market reached a size of USD 2.79 Billion in 2024 and is expected to expand to USD 9.29 Billion by 2033, according to a detailed industry report. The market is projected to register a compound annual growth rate (CAGR) of 12.8% during the forecast period from 2025 to 2033. This growth is driven by government policies promoting renewable energy, rising environmental awareness, cleaner transportation fuels demand, technological advances in biofuels, and sustainable agricultural investments.
Read more details in the Australia Biofuel Market https://www.imarcgroup.com/australia-biofuel-market
How AI is Reshaping the Future of Australia Biofuel Market:
- AI-powered analytics optimize biofuel production processes, improving feedstock yield efficiency and reducing costs.
- Advanced AI-driven farming techniques enhance cultivation of renewable feedstocks such as Pongamia, boosting oil yields.
- AI integration in supply chain logistics fosters better feedstock supply consistency, addressing availability challenges.
- Governments leverage AI for monitoring biofuel quality and compliance with blending mandates, enhancing market reliability.
- AI assists companies like Rio Tinto and Terviva Inc. in piloting innovative biofuel projects, accelerating sustainable fuel adoption.
- Digital tools employing AI enable lifecycle emissions tracking, supporting Australia's decarbonization strategies and sustainability goals.
Market Growth Factors
Government Support and Policy Frameworks are a key driver of the Australia biofuels industry. The Australian government mandates minimum biofuels blending in conventional fuels in New South Wales and Queensland which has resulted in a steady demand for ethanol and biodiesel. Complementary fuels policies are designed to ensure fuels can be used in existing vehicles, increase consumer confidence, and support industry development. Capital grants, tax incentives and co-investment programs through the Australian Renewable Energy Agency (ARENA) ease when people invest. CSIRO and ARENA fund research of advanced biofuels. Policies also encourage investors with investment in expanded clean energy production. Public and private sector buyers use that energy.
Abundant feedstocks: sugarcane, canola, sorghum, and organic waste are produced abundantly in rural areas of Australia, enabling local production of ethanol and biodiesel and decreasing Australia's reliance on imported fuels. Agricultural efficiencies yield feedstocks without interfering with food production; farmers receive payments for supplying residues and wastes as feedstock for bio-refineries. Availability of the resource in Australia increases the country's ability to be self-sustainable in biofuels, provides economic opportunities for regional communities, and meets increasing carbon neutrality pressures.
Another benefit of biofuels is energy security, as Australia is heavily reliant on imported petroleum which may be subject to price volatility and disruptions. The role of biofuels as domestic renewable fuels provides energy independence and security for the transportation, commercial, and defense sectors, and through the development of regional bio-refineries and feedstock production, builds local capacities to become more energy resilient at the national level. This focus is both a decarbonization goal and a government and private sector commitment to developing the nation's domestic energy resources.
Australia Biofuel Market Segmentation
Type Insights:
- Biodiesel
- Ethanol
- Others
- Coarse Grain
- Sugar Crop
- Vegetable Oil
- Others
- Australia Capital Territory and New South Wales
- Victoria and Tasmania
- Queensland
- Northern Territory and Southern Australia
- Western Australia
- Rio Tinto
- Midway Limited
- Terviva Inc.
- Chevron Renewable Energy Group
- Viva Energy Australia
- Royal Caribbean
- Virgin Australia
- Qatar Airways
- Renewable Developments Australia
- Comstock Fuels
- Southern Asian Carbon Limited
- S&W Seed Company
- Shell
- May 2025: Viva Energy Australia commenced the country's first commercial biofuel trial for cruise ships using a B20 marine biofuel blend containing 20% biodiesel from used cooking oil on Royal Caribbean's Celebrity Edge, supporting maritime decarbonization initiatives.
- April 2025: Virgin Australia and Qatar Airways partnered with Renewable Developments Australia to announce plans for a Sustainable Aviation Fuel (SAF) facility in North Queensland's Charters Towers Region, targeting production of up to 96 million litres annually to reduce greenhouse emissions.
- September 2024: Comstock Fuels collaborated with Southern Asian Carbon Limited to build three sustainable aviation fuel plants in Australia with an investment of USD 2.4 Billion, aiming to produce over 160 million gallons of fuel yearly using advanced biomass refining technologies.
https://www.imarcgroup.com/request?type=report&id=34730&flag=F
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302