(Antara) The government and relevant parties are currently developing financial and incentive policies to support the commercialization of biodiesel, particularly through partnerships between smallholder farmers, independent farmers, and biodiesel producers. Director of bioenergy at the Ministry of Energy and Mineral Resources,
palm oil prices
Back TO HOMEIndonesia’s Challenge: How to Push Biofuel without Aiding Deforestation
by Simon Tay and Aaron Choo (Straits Times) Can incoming president Prabowo ramp up production of palm oil without clearing more land and raising the risk of fires and haze? -- Many are watching the upcoming leadership transition in Indonesia with the
July 31, 2024 Read Full Article
Biofuels to Spur Investments of B114bn Public Comments DEADLINE July 12, 2024
by Yuthana Praiwan (Bangkok Post) National oil plan looks at impact of shift to cleaner fuels for transport -- Biofuels, including gasohol and sustainable aviation fuel (SAF), are expected to help generate new investment worth 114 billion baht in the oil business over
June 28, 2024 Read Full Article
Bangchak to Stabilize Palm Oil Prices with B100
(Bangkok Post) Bangchak Corporation, in collaboration with BBGI, commits to buying B100 at standardized prices to support farmers and promote biofuels. -- Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, announced that in response to proposed
June 05, 2024 Read Full Article
Brazil to Raise Mandatory Biodiesel Mix, Halt Imports
by Lisandra Paraguassu (Reuters) Brazil will increase the country's mandatory biodiesel mix into diesel from early next year, bringing forward previously set blending targets, the country's energy policy council CNPE decided on Tuesday, also halting biofuel imports until further notice. The measures
December 20, 2023 Read Full Article
Palm Edges up as Crude Oil Rally Fuels Biodiesel Demand Hopes
(Reuters) Malaysian palm oil futures edged higher on Monday on hopes that biodiesel demand would increase following a rally in crude oil prices, but rising stocks capped the upside. ... “Due to the rally in crude oil prices, the market is expecting a
October 11, 2023 Read Full Article
Indonesia, Malaysia Push Biofuel to Offset Palm Oil Price Downturn
by Erwida Maulia, Ismi Damayanti and Norman Goh (Nikkei) Falling prices hurt companies; risks loom from El Nino and EU deforestation law -- Weak prices for palm oil, a worsening outlook and a backlash against the commodity over deforestation concerns are
September 30, 2023 Read Full Article
UPDATE 2-Indonesia Urges Importers to Back Sustainable Palm Oil, Not Boycotts
by Mei Mei Chu (Reuters) Indonesia, the world’s largest palm oil exporter, on Wednesday urged importing countries to recognise and pay the premium for sustainably produced palm oil rather than boycotting the widely-used oil, whose production critics say has been linked
May 17, 2023 Read Full Article
B35 Program to Disburse 13.15 Million Kiloliters of Biodiesel
Sanya Susanti and Uyu Liman (Antara) The mandatory Biodiesel 35 (B35) program is expected to distribute 13.15 million kiloliters of biodiesel this year, Deputy for Food and Agribusiness at the Coordinating Ministry for Economic Affairs Musdhalifah Machmud stated. "(The preparation for) the
February 02, 2023 Read Full Article
UPDATE 1-Indonesia Increases 2022 Biodiesel Allocation to 11.03 mln kl - Statement
by Bernadette Christina Munthe, Ananda Teresia, Fransiska Nangoy (Reuters) Indonesia has raised its 2022 biodiesel allocation to 11.03 million kilolitres amid expectations of rising demand in the fourth quarter while it extends an export levy waiver to maintain price stability, a
August 29, 2022 Read Full Article
Will Indonesia's Ban on Palm Oil Exports Derail Renewable Diesel Growth in the U.S.?
by Tyne Morgan (AgWeb) Soybean oil prices hit nearly limit up in overnight trading after Indonesia announced it will effectively ban palm oil exports as of April 28 due to soaring domestic prices. While no timeline was given on the announced export
April 25, 2022 Read Full Article
Editorial: Conflicting Passions Burn Brightly over Biofuels Production Mandate
by Josh Sosland (World Grain/Milling & Baking News) ... Lost in the back and forth over the RVOs are the global forces driving strong prices for US edible oils. Viewed alone, the supply/demand balance for US soybean oil would not
December 30, 2021 Read Full Article
Indonesia's B30 Program to Drive Global Biodiesel Production in 2021-2030: Report
by Aditya Kondalamahanty (S&P Global) Indonesia's use of palm oil to make biodiesel to rise by 23% by 2030; Biodiesel use projected to increase by 7% over coming decade; Palm oil production expected to weaken on sustainability, land constraints Indonesia will be the main
July 08, 2021 Read Full Article
Oleochemicals Industry Challenged by Post-pandemic Supply Issues: Report from the 13th World Oleochemicals Conference
by Douglas Root* (Advanced Biofuels USA) The oleochemicals industry is struggling. Shipping costs have increased. Suppliers are not able to deliver raw materials, maintenance supplies, and new equipment. Scheduled maintenance activities have lapsed and restarting equipment is not happening smoothly.
June 30, 2021 Read Full Article
B20 Biodiesel Plan to Be Carried out by End-2022
(Bloomberg/CarSifu) Malaysia, the world's second-biggest palm oil producer, expects its B20 biofuel plan to be implemented nationwide by the end of 2022, according to Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali. Malaysia's B20 programme in the transport
June 16, 2021 Read Full Article
Green-Fuel Push Stirs Food Inflation Fears in Rebound From Virus
by Kim Chipman (Bloomberg) Oil refiners’ attempt to clean up their act is bumping into growing concerns over food prices and supplies as nations seek to get back on their feet -- Soaring demand for crops has once again raised
May 21, 2021 Read Full Article
Insight: Policy Delays Slow Biofuels Market Growth
by Tom Brown (Independent Commodity Intelligence Services) Shifting government priorities are continuing to weigh on the growth of biofuels, with the policy-driven sector buffeted by delays in new legislation and low fossil fuel costs. The public commitments by most governments to
May 14, 2021 Read Full Article
Thailand to Push forward E20 Plans
(Biofuels International) A plan to make E20 a leading fuel for motorists in Thailand should eventually come into effect in July. According to the Department of Energy Business officials want E20, a mix of 20% ethanol and 80% unleaded petroleum
February 01, 2021 Read Full Article
Indonesia Export Levy Revision to Support Crude Palm Oil Prices, Stability Key
(Fitch Ratings) The revision in Indonesia's export levy structure should support Indonesia's biodiesel consumption growth in 2021 by boosting collections to fund the subsidy burden, Fitch Ratings says. This will also support crude palm oil (CPO) prices, and the Malaysian
December 08, 2020 Read Full Article
Indonesia Looks at Policy Revamp to Keep Biodiesel Program Alive
by Bernadette Christina and Fathin Ungku (Reuters) Policy adjustments required to sustain biodiesel subsidies; Biodiesel program may see $865 mln deficit in 2021-economist; Price gap between crude palm oil and diesel widened in 2020 ... The world’s biggest producer of palm
December 03, 2020 Read Full Article
Indonesia May Cut Biodiesel Use Target as Subsidy Fund Depletes
(Fitch Ratings) The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings
November 13, 2020 Read Full Article
Enhanced Biodiesel Programme, New Markets Help Boost Palm Price, Says Deputy Minister
(Malay Mail/Bernama) The biodiesel improvement programme and initiatives in the country as well as opening of new markets have contributed to the increase in palm oil price currently, said Plantation Industries and Commodities Deputy Minister Willie Mongin. ... “We are optimistic and
September 04, 2020 Read Full Article
Renewable Products Remain Strong: The Digest’s 2020 Multi-Slide Guide to Neste
by Jim Lane (Biofuels Digest) “A solid quarter despite market turbulence due to COVID-19”,is how Neste is describing their second quarter of 2020 in this just released presentation. Check out this illuminating slide guide for the scoop on the company’s
August 03, 2020 Read Full Article
Indonesia Allocates US$195 Million Subsidy on Palm Biodiesel Producers over Smallholders
by Hans Nicholas Jong (Mongabay/EcoBusiness) Campaigners have blasted the move, noting that the fund is meant to empower small oil palm farmers and not subsidise the giant multinationals that produce biodiesel. -- ... The social and travel restrictions imposed in response
July 02, 2020 Read Full Article
Low Crude Oil Prices Put Pressure on Malaysia, Indonesia Biodiesel Mandates
(The Edge Markets/Bernama) With demand for crude oil dropping sharply, leading to a steep fall in crude oil prices, the viability of the biodiesel business has also weakened significantly, putting both Malaysia and Indonesia’s biodiesel mandates under pressure. However, there is a silver lining
June 26, 2020 Read Full Article
Palm Biofuel, Agro-Based Pharmaceuticals, Others Can Replace Petroleum, Says Ikuenobe
(The Guardian) ... Oil palm can fetch Nigeria as much revenue as the crude oil can so said the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. But self-inflicted challenges that de-ranked the country from the largest producer in
May 21, 2020 Read Full Article
Vegetable Oil Prices under Pressure Due to Coronavirus Pandemic
(UFOP/Biodiesel Magazine) The vegetable oil markets are currently extremely calm. The coronavirus pandemic is creating pressure in the financial and commodities markets and also pulling down spot prices for oilseeds and byproducts. Above all, crude oil has lost substantial ground in
April 01, 2020 Read Full Article
Oil’s Epic Crash Reminds Farmers They’re Also Energy Traders
by Isis Almeida, Michael Hirtzer, and Jen Skerritt (Bloomberg) Oil’s nosedive is sending farmers a stark reminder: they also need to be energy traders. -- Growers have become more vulnerable to energy swings over the past decades as nations from the
March 10, 2020 Read Full Article
Bangchak Now Selling B10 at More than 400 Stations in Thailand
by Ron Kotrba (Biodiesel Magazine) Thai petroleum refining company and fuel retailer Bangchak has started selling B10 at its more than 400 service stations across Thailand. Calling the fuel “Hi Diesel S B 10,” Bangchak is promoting its higher cetane number, performance,
March 04, 2020 Read Full Article
Plan to Make E20 Fundamental Petrol
by Yuthana Praiwan (Bangkok Post) The Energy Ministry plans to promote gasohol E20 as the fundamental petrol in the third quarter in a bid to become the first country in Asia to use ethanol as a core fuel. This enforcement will make
January 28, 2020 Read Full Article
Thai Energy Ministry Encourages Motorists to Use Biodiesel to Reduce Smog
(Star Online/Xinhua) A thick layer of smog covers central Bangkok. Thailand's Ministry of Energy on Tuesday (Jan 21) suggested motorists to use biodiesel B10 and B20 to curb aggravating smog that is currently gripping the country -- Thailand's Ministry of
January 23, 2020 Read Full Article
Palm Oil Prices to Climb 17.9% in 2020 on Tight Supplies, Biodiesel Programs: Reuters Poll
by Mei Mei Chu (Reuters) Average palm oil prices will surge 17.9% this year, a Reuters poll of industry participants showed, as reduced output in the first half of the year and higher biodiesel consumption in top producers Indonesia and Malaysia
January 22, 2020 Read Full Article
B100 Derivatives Exchange in the Works to Steady Prices
by Yuthana Praiwan (Bangkok Post) Feasibility of futures undergoing study -- The Energy Ministry plans to set up regulations for a B100 derivatives exchange in the country's commodity market to reduce fluctuation of palm oil prices. ... "Crude palm oil in Thailand
January 15, 2020 Read Full Article
Transport Sector in Langkawi Starts Using B20 Biodiesel: Kok
(Bernama/Sun Daily) The island of Langkawi has begun using the 20% Biodiesel blend methyl esters content or the B20 Biodiesel in the transport sector since Jan 1, 2020. Primary Industries Minister Teresa Kok (pix) said Petronas through the Kampung Tok Senik petrol station
January 08, 2020 Read Full Article
Sontirat Steps up Campaign for B10 Biodiesel Use
(The Nation Thailand) Energy Minister Sontirat Sontijirawong visited a PTT petrol station in Viphavadee Soi 11 on Wednesday (January 1) to follow up on the government’s policy to promote B10 biodiesel as standard biodiesel for domestic consumption. “The campaign has been implemented
January 02, 2020 Read Full Article
Palm and PME Ride a Crest of Optimism into 2020
by Donavan Lim (S&P Global Platts) Indonesian PME exports to sink; CPO production stalls; B30 to support consumption -- Analysts and traders fixated on the elevated crude palm oil stockpile at the beginning of 2019 are left cheering as CPO stocks fell across
December 27, 2019 Read Full Article
B20 Biodiesel for Transport Sector to Be Launched in Phases Next Year: Teresa Kok
(Bernama/Sun Daily) The B20 biodiesel programme for the transport sector is expected to be launched in phases next year, that would give a fillip to the crude palm oil (CPO) price which is projected to reach RM3,000 per tonne. Primary Industries
December 20, 2019 Read Full Article
Cooperation among Govts on Biodiesel Mandates Can Sustain CPO Price Rise, Says Expert
(Malay Mail/Bernama) Crude palm oil (CPO) prices would be able to sustain its current upward momentum if governments, particularly those from the Council of Palm Oil Producing Countries (CPOPC), could coordinate allocation increases under the biodiesel mandates, says palm oil expert
December 11, 2019 Read Full Article
Indonesia to Run Comprehensive B30 Biodiesel Trial in Coming Weeks - Producer Group
by Bernadette Christina Munthe and Fransiska Nangoy (Reuters) Indonesia will run a comprehensive trial for its B30 biodiesel programme in mid-November or early December, Paulus Tjakrawan, vice chairman of Indonesian Biofuel Producers Association, said on Friday. The country aims to implement in
November 11, 2019 Read Full Article
Indonesia Seeks to Expand Green Fuel Production to 100% by 2022
by Nur Yasmin (Jakarta Globe) Djoko Siswanto, secretary general of the National Energy Committee, said Indonesia is developing green fuel as an end-product of palm oil, to reduce the country's reliance on costly oil imports. Green fuel is a mix of palm oil
November 07, 2019 Read Full Article
Indonesia's Biofuel Plan Will Impact Global Palm Oil Price, Analysts Say
by Nur Yasmin (Jakarta Globe) Indonesia's B30 biofuel plan, which will become effective at the beginning of January next year, will further increase domestic consumption of palm oil and prop up the price of the commodity, analysts said. The average palm oil
November 05, 2019 Read Full Article
Govt Allocates RM550m for Palm Oil Smallholders, Plans B20 Biodiesel Rollout in 2020
by Tan Xue Ying (The Edge Markets) Concerned by the impact of low commodity prices on livelihoods of Malaysians in the plantation sector, the government has proposed a palm oil replanting loan fund of RM550 million. In the budget speech 2020 in
October 15, 2019 Read Full Article
Jokowi Wants 30% Biodiesel in Cars as Soon as January Next Year
by Marchio Irfan Gorbiano (Jakarta Post) President Joko “Jokowi” Widodo said he wanted to increase the portion of diesel blended with crude palm oil (CPO) from the current 20 percent ( B20 ) to 30 percent ( B30 ) starting January next
August 13, 2019 Read Full Article
B10 Biodiesel Programme Will Continue to Have Positive Impact on Palm Oil Prices
(Bernama/The Sun Daily) The implementation of the B10 Biodiesel programme will continue to give positive impact on palm oil prices, with consumption of the country’s palm oil expected to increase by up to 800,000 tonnes by the end of this
July 29, 2019 Read Full Article
UFOP: Biodiesel Quotas Take Pressure off the Market - Non-EU Countries Show How Bioeconomics Work
(Union zur Förderung von Oel- und Proteinpflanzen (UFOP)/LifePR) ...The Union zur Förderung von Oel- und Proteinpflanzen (UFOP) has noted that the price situation in the vegetable oil markets would be even more dramatic, if countries such as Argentina, Brazil, the
July 17, 2019 Read Full Article
Higher Biodiesel Blend Pushed as Copra Prices Remain Low
by Anna Mogato (Rappler) Industry stakeholders say even a 1% increase in coconut methyl ester in diesel can help bring up copra prices, which have been declining -- Biofuels industry stakeholders are asking the government to allow an increase in the coconut methyl
July 12, 2019 Read Full Article
Concerns Rise as Low Palm Oil Prices May Increase Use for Biofuel
(Union zur Förderung von Oel- und Proteinpflanzen (UFOP)/Biodiesel Magazine) Selling prices for palm oil and diesel fuel have recently converged to the same level, after the former had even been at a lower price for six months. The Union zur Förderung
June 26, 2019 Read Full Article
Palm Oil Titan Warns EU Limits on Biofuel Use Will Backfire
(Bloomberg Quint) Franky Widjaja, head of one of the world’s biggest palm plantation companies, warned that the European Union’s plans to restrict use of the tropical oil in biofuel will misfire ... READ MORE Major palm oil player says EU’s karma will
May 07, 2019 Read Full Article
Teresa Kok Announces RM5m for B10 Biodiesel Insurance
by Ida Nadirah Ibrahim (Malay Mail) The federal government has allocated RM5 million insurance for vehicles fuelled with B10 biodiesel, which contains 10 per cent palm oil. Primary Industries Minister Teresa Kok said consumers can claim the insurance if proven that the
April 30, 2019 Read Full Article
Jokowi Tells Oil Palm Tree Growers to Turn to Durian
(Jakarta Post) Amid low demand and the price decrease of crude palm oil (CPO) in the global market, President Joko “Jokowi” Widodo has advised oil palm tree growers to grow durian trees, as he believes the commodity has good prospects. Jokowi said oil
April 10, 2019 Read Full Article
AFPM '19: US Glycerine Markets Watching Indonesian Biodiesel Production
(ICIS News) The US glycerine market is closely watching Indonesian biodiesel production given that a potential ramp up of production rates in that country could push more glycerine volume to US markets, a distributor said on Sunday. The source was speaking
March 26, 2019 Read Full Article
The Malaysian Biodiesel Mandate - Outlook to 2020: Growth Opportunities & Companies to Action
(GlobeNewswire/ResearchAndMarkets.com) The "Malaysian Biodiesel Mandate"report has been added to ResearchAndMarkets.com's offering. This study offers a detailed overview of the biodiesel mandate in Malaysia and the steps taken by the Malaysian government to protect the Malaysian palm oil industry. Palm oil is a key ingredient in the