In Indonesia, from May the government hopes to expand the subsidy for its biodiesel blending policy to non-public sector organizations with an eye specifically on the mining sector in an effort to boost demand for the fuel. In 2017, $712.3 million in subsidies were paid out, slightly less than the year before, but it was […]
In Indonesia, Pertamina and AKR Corporindo will only buy 1.6 billion liters of biodiesel between May and October compared to 1.87 billion liters sourced between November and April. The drop in purchases is in line with falling demand due to low diesel prices, despite the Estate Crop Fund agency reimbursing the price difference. Last year’s […]
In Indonesia, Pertamina expects a demand of 5.14 million kiloliters of palm oil biodiesel in 2016 to achieve the 20% blending mandate, of the total 26 million kiloliters the country will consume that year. That’s a five-fold increase over the company’s biodiesel consumption this year. It has already sealed contracts with 11 suppliers to for […]
In Indonesia, Pertamina expects the country won’t need to import fossil diesel between 2016 and 2018 thanks to the B20 biodiesel mandate set to come in next year. When the mandate is implemented, the company expects to have surplus diesel available for export, perhaps as much as 600,000 barrels per month, while the domestic market […]
In Indonesia, Pertamina and AKR say they will purchase 765,000 kiloliters of biodiesel to satisfy the new B15 blending mandate for the rest of 2015, with 339,000 kl to be purchased between now and October and the remaining to be purchased later in the year, predominantly from Wilmar, Eterindo, Musim Mas, Pelita Agung and Darmex Agro. […]
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, 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, Pertamina is talking with the government and biodiesel producers regarding the current pricing formula for biodiesel tenders based on the mean of Platts Singapore 0.25% sulfur gasoil assessment plus 3.48% so that it is instead based on palm oil prices. The industry had proposed the price of crude palm oil plus processing cost […]
In Indonesia, Pertamina has issued a buy tender for 1.7 billion liters of biodiesel to supply part of the 5.3 billion liters it needs for 2014-15. Despite issues with the pricing formula during the last two tenders, the formula remains the same for this tender. Most of the producers are in Sumatra and Jakarta but […]
In Indonesia, Pertamina is adding biodiesel to 44 terminals, adding to the 33 already in place around the country. Most are already under construction and those in the eastern part of the country will be completed by June. The company plans to hold its third palm oil buy tender during March or April where it […]
