In Indonesia, a 10 ton per day biodiesel facility is under development on the island of Borneo. The facility should be online by the end of the year, using waste from crude palm oil production as feedstock. PT Bio Energy Partners will invest $455,231 in the project.
In Indonesia, the government’s palm oil export levy to finance the subsidies supporting a higher domestic blend is delayed, with implementation seen coming some time in August rather than by the end of May as previously expected. The policy should be ready in the next two weeks.
In Indonesia, Pertamina plans to invest $200 million with state-owned plantations company PTPN to develop palm oil plantations for biodiesel production. As the oil major has no agricultural experience, it will utilize mergers and acquisitions to gain experience and then will jointly manage the plantations further down the road.
In Indonesia, palm oil biodiesel producers have demanded an exemption from the $30 per metric ton export levy meant to fund higher biodiesel blends, saying the policy adds a further burden to the industry. Producers expect they will also have to pay an export tax once the price of CPO returns above $750 per ton, […]
In Indonesia, the president has signed into law the rule that would see exporters pay $30 per metric ton for processed palm oil product shipments and $50 for crude palm oil, with proceeds going to pay for subsidizing higher blending of the fuel. The levy should be in place by the third week of May.
In Indonesia, biodiesel consumption is expected to reach 4 billion liters between the second quarter of this year and the end of 2015. About half will be taken by private firms while the rest will go to state-owned firms and Pertamina for public obligations. The palm oil industry says that without subsidy there won’t be […]
In Indonesia, even though the government has implemented a 15% biodiesel blend nationally, it admits that it doesn’t have the institutional capacity or regulatory environment set up yet to ensure that the biofuels used are produced sustainably, saying that could take a few more years. Land use expansion isn’t seen as necessary for the current […]
In Indonesia, the automobile manufacturers association is concerned about the government’s move to boost biodiesel blending, saying that some models can run on as much as 20% biodiesel but others can’t handle higher blends. Last month the government approved B15 from the then-B10 with its eyes on B20 soon. One manufacturer told state-owned oil company […]
In Indonesia, crude palm oil production likely rose to its highest since September during the month of March at 2.397 million metric tons, up 17% from the 2.049 million tons produced in February. February typically has lower production due to the Lunar New Year holiday and fewer days in the month.
In Indonesia, palm oil prices jumped to a three-week high following the government’s move to levy $50 on every ton of palm oil and $30 for every ton of processed palm oil product exported, beginning in April. The funds are meant to pay for biodiesel subsidies recently approved to boost demand for palm oil-based biodiesel.