Commodity trading company GrainCorp's (ASX:GNC) managing director and CEO Robert Spurway agreed with the Federal Government's acknowledgment of the importance of sustainable aviation fuel and renewable diesel in reducing carbon emissions across Australia's transport industries.
The consultation aligns with the broader budgetary commitment of the AU$22.7 billion Future Made in Australia package, aimed at accelerating investment and commercializing renewable initiatives in key industries, GrainCorp said last week.
Shares of GrainCorp fell over 1% at market close.
Price (AUD): $8.62, Change: $-0.12, Percent Change: -1.37%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments