Petro National and ENEOS Australia Launch Biodiesel Trial in Australia
On August 30th, 2024, Petro National Pty Ltd, in collaboration with ENEOS Australia Pty Ltd, began trial sales of biodiesel blends in Australia. Both companies, wholly-owned subsidiaries of Japan’s largest oil refiner, ENEOS Corporation, have joined forces to work towards ENEOS’ long-term vision of establishing a sustainable biofuel business in Australia.
In this partnership:
- ENEOS Australia is responsible for sourcing the feedstock and producing the biodiesel.
- Petro National handles the blending, transport, and marketing of the fuel.
The initial trial is focused on supplying biodiesel blends to local commercial customers seeking cost-effective ways to reduce their carbon emissions. This trial marks the first step in developing a reliable biodiesel distribution network across Australia.
With Australia targeting a 43% reduction in greenhouse gas emissions by 2030 (from 2005 levels), the demand for biofuels is expected to grow significantly. Petro National and ENEOS Australia are taking the lead in meeting this demand by expanding the availability of biodiesel and creating a dependable nationwide supply network.
Buslines, a major provider of transportation services across New South Wales, is participating in the trial by using Petro National’s B5 biodiesel blend for a portion of its bus fleet. This partnership reflects the growing interest in cleaner fuel solutions within the commercial transport sector.
What is Biodiesel?
Biodiesel is a renewable, clean-burning fuel made from natural oils and fats, such as used cooking oil, animal fats, or vegetable oils. It can be blended with traditional diesel for use in diesel engines without requiring major modifications, making it a convenient option for reducing carbon emissions.
What is B5 Biodiesel Blend?
B5 biodiesel is a blend consisting of 5% biodiesel and 95% petroleum diesel. B5 is a widely used blend globally, offering the environmental benefits of biodiesel while maintaining the performance of standard diesel. B5 can be used in most diesel engines without requiring modifications, making it an accessible option for companies looking to lower their carbon footprint.