Australian State Bets on Biodiesel To Reduce Reliance on Oil

Australia's state of Queensland will pour A$25 million in biodiesel production project in a bid to reduce its reliance on imported fuel amid a severe supply crunch resulting from the war in the Middle East. The investment, equal to some $18 million, would aim to produce 20 million litres of biodiesel annually at a local refinery, with production expected to begin in 2028, Reuters reported. The amount would be equal to 2,000 tons. "These projects are important to ensure we are never again left at the mercy of foreign nations at the end of a global…