Jan. 20 (Bloomberg) — Indonesia will temporarily freeze the allocation of subsidies for the mandatory palm oil biodiesel and replanting program as the palm oil fund management agency (BPDPKS) is being restructured. Official Ahmad Maulizar said the agency is undergoing restructuring after taking over the management responsibilities of the Cocoa and Coconut Funds, and is […]
Energy and Mineral Resources Minister Bahlil Lahadalia has announced that the $1.2 billion biodiesel raw material plant will be built entirely with domestic investment, including private and state-owned companies. He said the plant will be located in Bojonegoro and will mainly produce methanol and ethanol as feedstock for the B40 biodiesel blend. Methanol demand is […]
The World Trade Organization (WTO) recently ruled that parts of the EU’s Renewable Energy Directive (RED II) unfairly discriminate against Indonesia’s palm oil exports. The ruling was published on January 10 and is seen as a major victory for Indonesia in its trade dispute with the EU over biofuels. While the WTO supports the EU’s […]
Neste and KPI OceanConnect recently partnered with Global Energy to supply Neste MY renewable diesel to Singapore’s marine sector for operational deliveries in Singapore waters. This is the first time renewable diesel has been supplied to a marine sector participant, such as for use by cruise ships in Singapore. “The first supply of Neste MY […]
SAF One has announced the acquisition of Green Biotrade, a UAE-based feedstock and biofuel trading company, a strategic acquisition that will enhance SAF One’s supply chain capabilities and provide key feedstocks for its Sustainable Aviation Fuel (SAF) program.
Cosmo Oil Co., JGC Holdings Corporation, Revo International and SAFFAIRE SKY ENERGY announced the completion of the SAF production facility, which will utilize used cooking oil as a feedstock for the production and supply of domestically produced SAF. The four partners announced the December 25, 2024 completion date for the project. The four companies aim […]
Kilang Pertamina Internasional, the refining arm of Indonesia’s state-owned energy company Pertamina, plans to produce its first batch of certified sustainable aviation fuel (SAF) in the first quarter of this year. The company received SAF certifications in December, including the International Sustainability Carbon Certification (ISCC), the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) […]
World Trade Organization (WTO) experts on Friday largely supported the European Union’s (EU) restrictions on the use of palm oil in biofuels after Indonesia filed a complaint. Indonesia, the world’s largest producer of palm oil, requested the panel to review the relevant EU restrictions in 2019. According to a Geneva-based trade official, the dispute panel […]
Palm oil (CPO) prices are expected to remain high in the first half of 2025, trading in the range of RM4,400 (US$976.37) to RM4,800 (US$1,065.13) per tonne, before easing back during the seasonal peak in the second half of the year to RM4,000 (US$887.61) to RM4,400 (US$976.37) per tonne, according to Mazda News Agency. (US$). […]
The United States is taking steps to restrict imports of waste cooking oil to prevent lucrative tax credits for foreign supplies used to produce biofuels. In the long-awaited guidance, the U.S. Department of the Treasury said that fuels produced using foreign-sourced supplies will not be allowed under the so-called GREET model, a tool used by […]