Oil palm official says Chinese investors looking at financing 146 biodiesel plants in Indonesia

In Indonesia, Washington Siregar, acting head of North Sumatra’s plantation office, announced that Chinese investors, now in north Sumatra on a study tour at the Perkebunan oil palm plantation and factory in Serdang Bedagai and the Oil Palm Research Center (PPKS) in Medan, are interested in financing up to 146 biodiesel plants in Indonesia.

Capacity of what are presumed to be micro-biodiesel plants was not disclosed by the plantation office, but Siregar said that the investment group was investigating the financing of construction projects that would commence in 2009.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Indonesia to double biodiesel production, Thailand says “no problem” with B2, despite soaring crude palm oil prices

In Indonesia, an industry official told Reuters that palm oil biodiesel production is expected to double, to 1.3 million tonnes, in 2008 with capacity reaching 1.9 million tonnes, based on strong expo...

Malaysia, Indonesia to increase palm oil biodiesel production up to 40 percent in bid to raise palm oil prices

In Indonesia, the governments of Malaysia and Indonesia have agreed to increase palm oil biodiesel production to reduce palm oil stockpiles and provide a boost to crude palm oil prices, which have fal...

Malaysia, Indonesia pledge cooperation to reduce palm oil supply, stabilize prices

Malaysia and Indonesia announced that they would cooperate to stabilize prices for palm oil, which have plummeted since the summer. The two countries control 85 percent of global palm oil production. ...

Indonesia slaps 20 percent export duty on crude palm oil

In Indonesia, the central government imposed a 20 percent tariff on export of crude palm oil, in an attempt to reduce prices in local Indonesia markets. The taxes will be imposed as of April 1, with t...

Indonesia greenlights crude palm oil tax waiver to stimulate exports

In Indonesia, the national government announced a national crude palm oil export tax exemption, aimed to stimulate exports.  "We delete the tax export to zero, and hope to achieve the target of 13 mi...

Samsung plans $1.63 billion palm, biodiesel investment, says Indonesian official

In Indonesia, Samsung Group announced that they plan to invest $1.63 billion in biofuels, with a 25,000 hectare oil palm plantation and a 13.2 Mgy biodiesel plant in Riau province. The South Korean co...