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.
