In Indonesia, the Jakarta Globe newspaper reports that Protech Mitra Perkasa will invest $50 million in the country’s first bio propylene glycol plant, set to be built on Java Island. With construction set to begin next year, the facility will produce 30,000 metric tons of bio propylene glycol annually. There is no domestic production of […]
In Indonesia, Reuters reports the controversial ban on biodiesel aimed at securing sufficient palm oil supplies for domestic food consumption is now only expected to last a month due to the country’s lack of storage capacity for more than that. Crude palm oil will not be affected by the ban, but just refined, bleached and […]
In Indonesia, PT PERTAMINA, Osaka Gas Co., Ltd., JGC Holdings Corporation and INPEX CORPORATION have entered into a joint study agreement on exploring the feasibility of a clean natural gas and liquefied natural gas (LNG) project in Indonesia involving the production of bio-methane from palm oil mill effluent (POME). The project is expected to support […]
In Indonesia, Reuters reports the government has put a ban on palm oil exports beginning April 28 in response to Russia’s invasion of Ukraine’s impact on global edible oil markets. In response, the Malaysian Palm Oil Board called on countries to temporarily focus on food rather than fuel production from edible oils and fats such […]
In Indonesia, Reuters reports that recent lowering of palm oil export levies to $175 from the previous $255 per metric ton is expected to boost exporters’ margins. When the reference crude palm oil price reaches $750, every time palm oil reaches $50 higher, the export levy will increase by $20. Previously, every time CPO rose […]
In Indonesia, the Antara news agency reports that the government has set the market index price for biodiesel at $1.09 per liter plus transport cost beginning April 1, 7.77% higher than the price set for March. The higher price for April reflects the higher price for crude palm oil together with the $85 per metric […]
In Indonesia, Mongabay reports that President Joko Widodo’s administration canceled millions of hectares worth of concessions including Ministry of Environment and Forestry permits for 192 logging, plantation, mining and ecotourism operations, totaling 3.13 million hectares (7.73 million acres); 36 Ministry of Agrarian and Spatial Planning permits for plantations (at 34,448 hectares, or 85,123 acres); and […]
In Indonesia, Reuters reports the government will launch B40 road tests in February as it works to eventually roll out the higher blend. Currently 30% biodiesel in blended with fossil diesel but the country wants to push for 40%, 50% and eventually 100% biodiesel to support the local palm oil industry while reducing foreign exchange […]
In Indonesia, Antara News Agency reports the country saves $4.54 billion in foreign exchange as a result of its B30 blending mandate in 2021. This year, 9.21 billion liters of B30 were distributed by oil marketing companies while in 2022 that figure is expected to reach 10.15 billion liters, leading to further foreign exchange savings. […]
In Indonesia, Reuters reports the head of the Estate Crop Fund expects palm oil production to reach 51.01 million metric tons in 2022, 2.6% higher than in 2021. He sees exports rising as well to 27.9 million tons versus 27.08 million tons this year while domestic consumption is seen rising to 11.4 million tons from […]
