High Palm Oil Price Delays Indonesia’s B40 Biodiesel Plan
Date:
22 February 2021Category:
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Note: This article was originally published in Kompas. Dr Alloysius Joko Purwanto was quoted.
Doubts have emerged over Indonesia’s plan to roll out the use of B40-type biodiesel by July this year as the high price of crude palm oil (CPO) renders such fuel uneconomical. Stakeholders have said that Indonesia’s biodiesel subsidy budget for this year, sourced from the CPO export levy and estimated at Rp 46 trillion (US$3.29 billion), was insufficient for the B40 program given the high current CPO price, which has rallied to around $1,080 per ton this year from around $530 in May 2020.
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