Tag: Pertamina

Indonesia looks to attract mining industry biodiesel consumption through subsidy expansion

Indonesia looks to attract mining industry biodiesel consumption through subsidy expansion

January 1, 2018 |

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 […]

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Pertamina and AKR Corporindo will only buy 1.6 billion liters of biodiesel between May and October

Pertamina and AKR Corporindo will only buy 1.6 billion liters of biodiesel between May and October

April 18, 2016 |

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 […]

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Pertamina expects to source 5.14 million kiloliters of biodiesel in 2016

Pertamina expects to source 5.14 million kiloliters of biodiesel in 2016

November 23, 2015 |

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 […]

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Pertamina sees shift from diesel importer to exporter thanks to B20

Pertamina sees shift from diesel importer to exporter thanks to B20

November 10, 2015 |

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 […]

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Pertamina and AKR to purchase 765,000 kiloliters of biodiesel to satisfy B15 before year’s end

Pertamina and AKR to purchase 765,000 kiloliters of biodiesel to satisfy B15 before year’s end

August 18, 2015 |

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. […]

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Pertamina sees 54% biodiesel consumption hike on B15 but prices in the way

Pertamina sees 54% biodiesel consumption hike on B15 but prices in the way

June 29, 2015 |

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. […]

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Pertamina to invest $200 million in palm oil plantations for biodiesel

Pertamina to invest $200 million in palm oil plantations for biodiesel

May 11, 2015 |

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.

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Pertamina in talks about reforming pricing scheme for biodiesel

Pertamina in talks about reforming pricing scheme for biodiesel

January 26, 2015 |

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 […]

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Pertamina seeks 1.7 billion liters of biodiesel for Indonesian mandate

Pertamina seeks 1.7 billion liters of biodiesel for Indonesian mandate

May 26, 2014 |

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 […]

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Pertamina boosts biodiesel terminals ahead of next buy tender

Pertamina boosts biodiesel terminals ahead of next buy tender

March 12, 2014 |

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 […]

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