Golden Agri Resources to invest $150 million in two Indonesian biodiesel plants

In Indonesia, Golden Agri Resources is set to invest $150 million in two biodiesel facilities to take advantage of the country’s higher blending mandate. Each facility will produce 300,000 tons of biodiesel annually and will be online as soon as next year. The two facilities will be located in Marunda in North Jakarta and Tarjun in South Kalimantan with the entire production expected to be absorbed by the domestic market. The company is the world’s second-largest plantation company.