Tag: Pertamina

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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Pertamina secures only 45% of biodiesel needed for Indonesia’s B10 mandate

Pertamina secures only 45% of biodiesel needed for Indonesia’s B10 mandate

February 17, 2014 |

In Indonesia, Pertamina only managed to secure 45% of the biodiesel it needs to supply the country’s B10 policy. In tender results from January released on Saturday, the company secured 1.14 million hectoliters of biodiesel in addition to the 1.24 million kiloliters it secure during a tender held last year. A total of 5.4 million […]

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Pertamina’s biodiesel tender a bust, only securing 18% of demand

Pertamina’s biodiesel tender a bust, only securing 18% of demand

January 2, 2014 |

In Indonesia, Pertamina only managed to secure 18% of the 6.6 billion liters of biodiesel it sought for 2014 at a recent tender. The company purchased 1.12 billion liters. The reason was that due to Pertamina’s new pricing mechanism, which many biodiesel producers complained wasn’t fair, many didn’t participate in the end. The company will […]

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Pertamina may drop biodiesel if prices aren’t low enough

Pertamina may drop biodiesel if prices aren’t low enough

November 19, 2013 |

In Indonesia, Pertamina has responded to biodiesel producers who complained over its pricing policy for the tender currently underway for 6.6 billion liters, saying that if it doesn’t secure the price it wants then it will import already blended diesel—likely B10—or just keep importing straight diesel. Using biodiesel is meant to offset the subsidy on […]

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Indonesia’s Pertamina changes benchmark pricing policy for the worse

Indonesia’s Pertamina changes benchmark pricing policy for the worse

November 14, 2013 |

In Indonesia, the country’s state-owned oil company Pertamina has changed its pricing formula for buying biodiesel during its most recent tender where it bought 6.6 billion liters of biodiesel during the next two years. For the past three years, the national biodiesel producers association as been working with the government to get the benchmark price […]

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