In Indonesia, the government has formally requested a dispute panel against the European Union at the World Trade Organization for what it sees are unfair anti-dumping tariffs lobbed on Indonesian biodiesel. The EU rejected the request, which is within its right, but should Indonesia ask again then the panel will automatically be formed. The key […]
In Indonesia, the fund developed to administer the levy collected on palm oil exports—about $337.36 million in 2015—is about ready to start operating. The levy goes into effect Thursday. The Indonesia Oil Palm Estate Fund is led by former deputy trade minister Bayu Krisnamurthi who estimates that the fund could generate upwards of $700 million […]
In Indonesia, the country on Thursday will implement its long-expected levy on palm oil exports to help fund subsidies for increased biodiesel blending of up to 5 cents per liter. The policy, released in March, will see exporters pay $50 per ton for crude palm oil and $30 for processed palm oil products.
In Indonesia, Pertamina expects biodiesel consumption to jump 54% to around 2 million metric tons annually when the country switches over to B15 from the current B10. Yet the pricing scheme for Pertamina to buy biodiesel has kept it from making any deals with the three major producers this year, so far relying on stocks. […]
In Indonesia, the government has delayed implementation of the levy on crude palm oil and palm oil products again to July 1 from the previously planned June 15 due to ongoing technical administrative challenges. When the policy is implemented, CPO exports will be charged a levy of $50 per metric ton while palm oil products […]
In Indonesia, Sungai Budi plans to invest $22.4 million in expanding palm oil plantations and $15 million in a biodiesel plant using the oil this year. The biodiesel plant could eventually produce up to 35% of the company’s revenues. Other investments this year include a sugar mill and a starch plant.
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, […]