KONTAN.CO.ID - JAKARTA. Indonesia aims to implement a 35% palm oil mix in biodiesel, known as B35, by the end of the month to help absorb excess palm oil supply, senior energy ministry official Dadan Kusdiana said on Friday. The world's biggest palm oil producer currently has a mandatory 30% blend of palm oil-based fuel in its biodiesel and the government has been looking at raising it to 35% or 40% to support the price of local palm oil fruits. The Southeast Asian country is struggling to cut palm oil inventories after a three-week export ban ending in May aimed at controlling domestic cooking oil prices had boosted stocks and weighed on palm fruit prices amid the peak harvest season.
Indonesia Plans to Implement B35 Biodiesel by End of July
KONTAN.CO.ID - JAKARTA. Indonesia aims to implement a 35% palm oil mix in biodiesel, known as B35, by the end of the month to help absorb excess palm oil supply, senior energy ministry official Dadan Kusdiana said on Friday. The world's biggest palm oil producer currently has a mandatory 30% blend of palm oil-based fuel in its biodiesel and the government has been looking at raising it to 35% or 40% to support the price of local palm oil fruits. The Southeast Asian country is struggling to cut palm oil inventories after a three-week export ban ending in May aimed at controlling domestic cooking oil prices had boosted stocks and weighed on palm fruit prices amid the peak harvest season.