JAKARTA - Indonesia’s chief economic minister on Tuesday assured no disruption in domestic cooking availability when a higher blend of palm oil-based fuel in biodiesel is launched on Feb 1, seeking to allay concerns over supply and prices. Read more at straitstimes.com.
JAKARTA - Indonesia’s chief economic minister on Tuesday assured no disruption in domestic cooking availability when a higher blend of palm oil-based fuel in biodiesel is launched on Feb 1, seeking to allay concerns over supply and prices.
Coordinating Minister for Economics Airlangga Hartarto said B35 would absorb some of the supply that usually goes to Europe, where the edible oil is facing some opposition due to its link to deforestation. Indonesia uses the world’s highest blend of palm oil in mandatory biodiesel, aimed at reducing reliance on imported diesel and propping up demand for the versatile vegetable oil.
The fund collects levies from palm oil exporters and uses the proceeds to subsidise the biodiesel mandate and other programmes such as palm replanting schemes.
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