Group 1 - The Australian government announced an investment of AUD 1.1 billion (approximately USD 735 million) over the next 10 years to develop the biofuel industry, termed as the "down payment" for this new sector [2] - The investment aims to stimulate private sector investment in biodiesel and aviation fuel, expected to boost demand for biofuel feedstocks such as canola and sugarcane [2] - Australia is a major producer of biofuel feedstocks, with canola exports accounting for nearly one-third of Europe's biodiesel feedstock demand, but has struggled to convert agricultural advantages into domestic energy industry competitiveness [2] Group 2 - The biofuel industry is becoming a key sector in the global energy transition, with the global market size reaching USD 120 billion in 2023, a year-on-year increase of 4.4%, and is expected to exceed USD 170 billion by 2030 [2] - North America leads in biofuel production with nearly 40% market share, followed by South America, particularly Brazil, contributing about 25% [3] - China ranks as the fifth largest biofuel ethanol producer globally, with a production volume of approximately 3.9 billion liters in 2023, reflecting a year-on-year growth of 2.5% [4] Group 3 - Unlike Australia, China's biofuel industry emphasizes "domestic circulation," aiming to reduce reliance on imported crude oil through collaborative industrial chains [5] - The energy revolution positions biofuels not only as alternatives to fossil fuels but also as strategic tools for countries to compete for low-carbon economic influence [5] - A competition for "green fuels" has commenced, spanning from agricultural fields to aviation [5]