Indonesia Saves $4.54 Billion in Foreign Exchange by Using Biofuel

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December 24, 2021

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(Antara) The utilization of 30 percent biodiesel (B30) in 2021 helped Indonesia save US$4.54 billion in foreign exchange or equivalent to Rp64.6 trillion, the Energy and Mineral Resources Ministry has informed.

Director of downstream oil and gas business development at the ministry, Soerjaningsih, said oil fuel business entities (BU BBM) absorbed 97.89 percent of the allocated 9.21 million kiloliters of B30.

“In addition, the compliance of BU BBM is getting better as they have distributed B30 by 94.17 percent of the total distribution of diesel fuel,” she informed in a written statement here on Thursday.

It is hoped that the utilization of B30 in 2022 will run smoothly and its percentage utilization and distribution will increase, she added.

The government has determined that 18 BU BBM will be allocated 10.151 million kiloliters of B30 in 2022, she noted.

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In addition to B20 and B30, which have been introduced, the government is developing B100 for a new era of green technology and clean energy, especially in the transportation and industrial sectors, he (assistant deputy for oil and gas, mining, and petrochemicals at the Coordinating Ministry for Economic Affairs, Andi Novianto) informed. READ MORE

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