The Australian market for alternative fuel has a new player. Orbital Corporation Limited has announced the acquisition of Boral Alternative Fuel Systems, entering what it believes to be Australia and New Zealand’s rapidly growing alternative fuel system markets.
International clean energy technology group Orbital Corporation Limited, is pleased to announce the addition to its existing portfolio the Australian LPG fuel systems supplier, Boral Alternative Fuel Systems (“BAFS”).
BAFS is Australia’s leading supplier of original equipment LPG fuel systems and is a Tier One supplier to the global automotive group, Ford Motor Corporation.
The acquisition provides Orbital with a low-risk entry into the rapidly growing Australian and New Zealand alternative fuel system markets, and represents a first step in a broader intent to offer ‘next generation’ greenhouse friendly alternative fuel systems that meet the requirements of fleet operators and private buyers.
Under the terms of the acquisition agreement, Orbital will make an investment of approximately $1.6 million to assume BAFS’s working capital (excluding debtors and creditors) including a small component of goodwill. Subject to satisfaction of all conditions precedent transfer of the business is expected to occur prior to June 30th, 2008.
BAFS is based in Sydney and currently generates approximately $6 million in revenue each year.


Sen. Charles Grassley (R-Iowa) renewed his commitment to Congress renewing the biodiesel tax incentive… while he took a shot at the Grocery Manufacturers Association for what he says is a smear campaign by the group against biofuels. Grassley’s comments come on the heels of Tuesday’s vote, when the U.S. Senate came up just eight votes short of cloture to end debate on extending the $1-a-gallon biodiesel tax credit.
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The “Yes Ethanol” buttons are the creation of
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It looks like the flooding in Iowa has not affected things at the
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On a panel addressing the issue at the 2008 Fuel Ethanol Workshop Tuesday was Robert White with the
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