In Indonesia, Reuters reports the palm oil association plans to ask the government to review its new export levy policy if prices continue along their meteoric rise. With palm oil prices trading around $950.81 per metric ton, near 10-year highs, the feedstock makes biodiesel blending increase unviable in both Indonesia and Malaysia where governments planned […]
In Malaysia, Bernama reports that much like Indonesia, Malaysia is being forced to postpone increasing its biodiesel mandate due to focus on battling the COVID-19 pandemic. Rather than completing the nationwide 20% mandate in mid-2021, the full roll out has been postponed until early 2022 while Indonesia’s B40 mandate could be delayed to late 2022 […]
In Indonesia, Reuters reports the government seems to be flipflopping on its plans for biodiesel blending next year, announcing Tuesday that blending will require 9.2 billion liters of biodiesel in 2021 while last week the National Energy Council said it would only require 8.5 billion liters due to COVID-19. The government has been challenged by […]
In Indonesia, Reuters reports there are concerns that planned increased to palm oil export levies to boost funding for its biodiesel blending program would in turn cut demand for the vegetable oil whose prices have been strengthening recently. At the moment levies are set at $55 per metric ton but a new sliding scale is […]
In Indonesia, Reuters reports the government is working hard to find ways to keep its biodiesel program alive in the face of ongoing cheap oil prices and rising palm oil prices. An $865 million deficit in the biodiesel program’s budget due to the increasing gap between fossil and palm oil, currently four times last year’s […]
In Indonesia, Hydrocarbon Processing reports the country’s plans to roll out B40 next year have been put on hold due to a lack of funding. It is already struggling to fund the current B30 program so it sees B40 very unlikely. What’s more, tests are still ongoing for B40 which will be a blend of […]
In Indonesia, Reuters reports that Indonesia is unlikely to proceed with plans to raise the bio-content of its palm oil-based biodiesel to 40% next year as it struggles to fund the program, an energy ministry official told parliament on Monday. Instead, the Southeast Asian country will retain its biodiesel B30 programme which makes it compulsory […]
In Indonesia, Wärtsilä has received contracts for a 128 MW power plant in Indonesia. The plant has been ordered by PT Freeport Indonesia, one of the world’s leading mining companies. The extended engineered equipment delivery order comprises fourteen Wärtsilä 34DF dual-fuel generating sets. The order for eight generating sets was placed in June 2020, and […]
In Indonesia, Reuters reports the government is looking to adjust its palm oil export levy in order to raise more money for biodiesel subsidies. The current levy is a flat $55 per metric ton no matter the price of palm oil, but the new policy will see the levy increase $5 for every $25 palm […]
In Indonesia, Reuters reports Pertamina expects 2020 biodiesel sales to fall 12% on the year to 28.2 billion liters. The company told parliament it sees sales rebounding in 2021, however, back up to 31.5 billion liters, of which 26.6 billion liters will be from Pertamina. COVID-19 has significantly impact fuel demand, which has hit biodiesel […]
