Indonesia’s B40 plans on hold due to high palm oil prices

August 26, 2021 |

In Indonesia, Reuters reports that high palm oil prices are forcing the country to push back its B40 ambitions. Originally set for roll out in July from the current 30% blending level, the program has been delayed indefinitely but a senior energy ministry official did indicate it would be difficult to reach B40 in 2022. On August 12, Malaysian palm oil futures reached a record high of $1,089.35 and although they have fallen since then, they’re still about 60% higher than last year.

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Category: Fuels

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