In Indonesia, Reuters reports that biodiesel production will reach 3.5 million metric tons this year, as much as 600,000 tons more than last year. The national oil palm estate fund raised $147 million in January and February alone for subsidizing domestic consumption of biodiesel through a levy on palm oil exports. Neighboring Malaysia could see production rise to 1 million tons on the back of its potential blending mandate increase to 10% for industrial vehicles and 7% for passenger vehicles.
Category: Fuels