Tag: Indonesia

Indonesian palm oil demand could increase 40% due to B20

Indonesian palm oil demand could increase 40% due to B20

February 7, 2017 |

In Indonesia, as the government looks to fully implement biodiesel blending mandate of 20% from the current 15% later this year for transportation fuel and 30% for power production, palm oil producers expect demand to increase as much as 40%. Voluntary roll out of the higher blend began in early 2016 while more pressure on […]

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Indonesia looks to secure domestic biofuel supplies in light of Trump presidency

Indonesia looks to secure domestic biofuel supplies in light of Trump presidency

January 30, 2017 |

In Indonesia, the government is taking a cue from the election of US President Donald Trump to try to curb imports of fossil fuel among other products because it expects the global economy to shift in response to his policies. As the US reduces its oil imports and tries boost exports of gas, demand patterns […]

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Indonesian palm oil biodiesel exports fall to 25.7 million tons in 2016

Indonesian palm oil biodiesel exports fall to 25.7 million tons in 2016

January 10, 2017 |

In Indonesia, palm oil biodiesel exports fell by half a million metric tons in 2016 from the previous year to 25.7 million tons, down from 26.2 million tons in 2015. Ongoing drought conditions impacted production, lowering the available supply for exports. Duties levied on palm oil exports finance subsidies to oil marketing companies to ensure […]

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Fitch Ratings sees improved weather capping CPO prices in 2017

Fitch Ratings sees improved weather capping CPO prices in 2017

December 6, 2016 |

In Indonesia, improved weather conditions has boosted crude palm oil production so much that prices aren’t expected to increase in 2017 despite domestic consumption tripling during 2016. Fitch Ratings says the higher blending mandate in 2016 supported by subsidies paid for with income derived from export levies made a significant impact on prices this year, […]

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Indonesia expects to hit B20 mandate this year despite water contamination hiccup

Indonesia expects to hit B20 mandate this year despite water contamination hiccup

November 23, 2016 |

In Indonesia, Pertamina has suffered a major setback with water contamination of biodiesel supplies in Jakarta, West Java and Banten two weeks ago that has slowed down sales significantly, but even so the government along with the palm oil industry believe the country’s 20% blending targets will still be met this year. The goal is […]

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New rules to ensure Indonesia achieves 20% biodiesel blending

New rules to ensure Indonesia achieves 20% biodiesel blending

October 25, 2016 |

In Indonesia, the Energy and Mineral Resources Ministry has mandated the blending of 20% biodiesel and established a fine of 46 cents per liter against those who do not blend as required. In an effort to ensure sufficient supplies for blending, biodiesel producers are required to register with the government, a move that in conjunction […]

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Indonesia expects to collect 14% more levy funds in 2017 as exports increase

Indonesia expects to collect 14% more levy funds in 2017 as exports increase

October 19, 2016 |

In Indonesia, the Indonesia Estate Crop Fund that collects export levies on palm oil to then offset the cost of higher blends of more expensive biodiesel expects fund collection to rise 14% in 2017 as up to 10% more exports are anticipated. Production has begun to recover following negative El Niño impacts on oil palm, […]

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Weather boosts Indonesian palm oil production but soaring exports cut into stocks

Weather boosts Indonesian palm oil production but soaring exports cut into stocks

October 10, 2016 |

In Indonesia, improved weather has positively impacted palm oil production, boosting figures by 7% from to 2.98 million tons in August. Exports soared, however, thanks to increased demand from the European Union, China and the US with 2.23 million tons heading to foreign markets, 29% higher than the previous month. Prices have increased to near […]

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New report damns South Korean company for deforesting Indonesia to make way for palm oil

New report damns South Korean company for deforesting Indonesia to make way for palm oil

September 1, 2016 |

In Indonesia, a report commissioned by Mighty, the Korea Federation for Environmental Movements, SKP-KAMe Merauke and PUSAKA, Rainforest Foundation Norway and Transport & Environment, undertaken by Aidenvironment, reveals new satellite, photographic, and video evidence of massive deforestation and illegal burning of pristine rainforest by the Korean-Indonesian corporation Korindo, to support establishment of its palm oil plantations on […]

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Malaysia and Indonesia to source joint palm oil ambassador to boost global image

Malaysia and Indonesia to source joint palm oil ambassador to boost global image

August 31, 2016 |

In Malaysia, in an attempt to counter negative messaging from anti-palm oil critics, Malaysia and Indonesia are going to appoint a joint Palm Oil Ambassador whose mission it will be spread the word about palm oil’s benefits around the world. Non-tariff barriers such as “no palm oil” labels on foodstuffs are a growing concern for […]

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