In Indonesia, Sekawan Intipratama plans to invest $239 million in an ethanol plant in East Kalimantan next year. Swiss-based ProCone will be the technology provider for the 60,000 metric ton per year facility. The project will use coal as feedstock and is expected to come online in December 2016.
In Indonesia, increased biodiesel consumption and lower demand from the mining sector means the country will import about a third less diesel than usual this year. Imports have fallen to 3 million to 4 million barrels per month from 5 million to 6 million barrels per month last year.
In Indonesia, the director of energy studies at the University of Indonesia has criticized the government for not taking as much advantage of domestic biofuel consumption as it should, demonstrated by the lack of uptake of the current B10 policy. He said the country could have saved $3 billion per year in fossil fuel imports […]
In Indonesia, the country’s palm oil producers association GAPKI says it expects exports to fall by up to 9.5% to between 19 million and 20 million metric tons. Last year, exports reached 21 million tons. Exports through June this year reached 9.75 million tons compared to 11 million tons during the same period in 2013.
In Indonesia, palm oil stocks are at their lowest in two months, down 4.5% on the month and 13% on the year at 2.1 million metric tons. Production has slowed but is expected to pick back up in August or September, which coincides with an expected soy bumper crop in the US that will already […]
In Indonesia, consultations between biodiesel producers and the European Union could come as early as July in order to avoid a lengthy case in the EU’s Court of Justice regarding anti-dumping levies placed on Indonesian biodiesel imports.
In Indonesia, the country is far from achieving its biodiesel blending targets this year of 1.56 million kiloliters in road vehicles. Through May, only 447,000 kilolitres had been blended. CIMB Investment Bank is only expecting consumption to reach 1.5 million kiloliters because of the poor logistics in getting the fuel out to the eastern regions. […]
In Switzerland, Indonesia has officially launched a complaint against the EU at the WTO over anti-dumping tariffs Europe has lodged against Indonesian biodiesel imports since May last year. The WTO established a dispute panel over similar changes made by Argentina already in April. Last month, the Indonesia government said it would file an official complaint with […]
In Indonesia, the country is looking to set up new trade hubs for its palm oil in an attempt to reduce its reliance on traditional hubs in China, the EU and India. Potential sites include Turkey and Macedonia. Malaysia’s new preferential trade agreement with Turkey is set to come into effect this month, reducing import […]
In Indonesia, the government has extended its policy requiring financial services to adhere to strict greening policies. Previously only banks were included under the regulation but it will now cover the capital market and non-banking sectors. The program is meant to promote awareness among companies about environmental issues and increase investment in biofuels projects as […]