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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Category: Fuels

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