Indonesia to boost biodiesel use to stave off currency crisis

In Indonesia, reducing fuel imports and compensating with increased biodiesel use is one of four immediate steps the government has announced to stop the devaluation of its currency. The country’s current account deficit grew to 4.4% of its GDP during the second quarter, up from 2.2% in the first quarter. Already biodiesel prices in the country are lower than diesel imports. The aim is to reach a B10 blend as fast as possible.