Caltex welcomes the commitment by Minister Tony Kelly to continue implementation of the New South Wales biofuels mandate legislation, although it has been necessary for him to delay the implementation schedule for ethanol because of a near-term shortage of supply.

The Minister's announcement strikes a reasonable balance between supporting investment and recognising the practicalities of the supply outlook.

Caltex has invested about $16 million in ethanol terminal storage and blending facilities and service station conversions. It is important that any adjustments to regulation as much as possible maintain investment certainty and avoid undermining investments already made.

Caltex is committed to providing a range of quality fuels to customers that include biofuels blends.

Media contact:
Sam Collyer
Media Adviser
Ph: (02) 9250 5094
scollye@caltex.com.au