Figure: Fuel supply with Biofuels
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Where:
P = Excise tax location (removal from bonded location for home consumption)
measuring total and biofuel volumes (required for biofuel obligation)
Q = Exports from a bonded location
R = Sales of international bunkers (excluding jet)
S = International jet fuel sales
T = Sales of domestic jet fuel to obligated jet fuel participants
And:
7(a) A = Σ volume across P – Σbiofuel volume across P
7(b) B = Σ volume across Q
7(c) C = Σ volume across R & S - ∑biofuel volume across R &S
7(d) D = Σ volume across T- Σbiofuel volume across T
7(e) E = Σ volume across Q
L = (A+B) – (C+D+E)
Text description of figure
This flowchart shows New Zealand's fuel supply with biofuels. Crude oil, feedstock imports, and local condensate go into the refinery. Also going into the refinery separately are biofuel imports. Coming out of the refinery are exports of obligation products from a bonded location, other exports such as naphtha, and international shipping bunker sales, excluding jet fuel. From the refinery, ship and pipeline distrubution of obligation products, including biofuels, where excise tax is collected leads down to the distribution terminals. Also going into the distribution terminals are product imports, biofuel imports and domestic biofuels which bare also sold directly into the domestic market. Coming out are international shipping bunker fuels, including biofuels, and sales to the domestic market including a proportion of biofuels.Also coming out are jet fuels, including biofuels, that lead to airport fuel depots. Coming out of the fuel depots are international jet fuel sales, domestic jet fuel sales to obligated jet fuel participants, and other domestic jet fuel sales. All of these include a proportion of biofuels.
