Biofuel and synthetic fuel stocks have languished on the Australian stock exchange. As this was being written, Altus Renewable was struggling to get away a $12 million initial public offering.The company's plan sounds environmentally friendly. It aims to produce biofuel at a plant to be located beside the country's largest sawmill, at Maryborough, Queensland. Using waste from the plantation timber, Altus will initially produce fuel pellets and then build a power plant. The problem, however, is that the float was not being rushed by investors.
http://www.theaustralian.com.au/news/bumpy-ride-with-biofuels/story-e6frg6xf-1225836896293