BPPT Exhorts Government to Accelerate Development of Biofuel
(ANTARA) The Agency for the Assessment and Application of Technology (BPPT) pressed for the government to speed up the development of biofuel as a better alternative to using fossil fuel. “We have to develop biofuel as a substitute for fossil fuel. We have already conducted several research on biofuel, especially during the past 10 years,” BPPT Head Hamam Riza stated here during a webinar on challenges in fossil fuel substitution in the transportation sector held on Thursday.
Riza highlighted Indonesia’s vast biomass potential that can be leveraged for developing biofuel as a replacement to the use of fossil fuels.
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“More than 90 percent of the energy used in the transportation sector is fossil fuel, and this has shown the high level of dependency on one type of fuel oil. The problem is that it will be susceptible to fluctuations, both on the supply and demand side,” he elaborated.
In Indonesia, energy consumption in the transportation sector will continue to rise, more than double as compared to the current consumption.
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The BPPT head cautioned that the increased import volume of fuel oil would result in a wider state budget deficit and declining foreign exchange reserves.
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Unggul Priyanto, a BPPT expert in the energy sector, sought the government’s support in the fiscal policy for the development of biofuel, as a substitute for fossil fuel.
Priyanto stated that biodiesel was priced higher than diesel oil, so the government’s subsidy was required to make it competitive. READ MORE
