In 2003 the directors of PRE, who were the primary founders of The Australian Biodiesel Group Limited, began their search for a sustainable replacement for used cooking oil and Tallow which are currently used for biodiesel production in Australia.[1] Their search ended on finding Pongamia Pinnata and visiting the fledgling Pongamia oil industry in India.[2] They followed up this with a search for viable Australian native trees and then in the formation of Pacific Renewable Energy in January 2006.[3] After learning the high variability of seed grown trees, they talked to Professor Peter Gresshoff of the University of Queensland's legume research division.[4]