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Indonesia Biofuel Push Adds Strain to Producers and Palm Markets

Indonesia Biofuel Push Adds Strain to Producers and Palm Markets
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Indonesia Biofuel Push Adds Strain to Producers and Palm Markets The rollout of a pioneering palm-diesel blend is set to stretch Indonesian biofuel makers to their limits and tighten global supplies of the tropical oil by diverting it away from export markets. The world’s largest palm producer is adopting its B50 mandate this week, months ahead of schedule, in a move that aligns with President Prabowo Subianto’s push for enhanced energy security. The ambitious program is being watched by...

Indonesia Biofuel Push Adds Strain to Producers and Palm Markets The rollout of a pioneering palm-diesel blend is set to stretch Indonesian biofuel makers to their limits and tighten global supplies of the tropical oil by diverting it away from export markets. The world’s largest palm producer is adopting its B50 mandate this week, months ahead of schedule, in a move that aligns with President Prabowo Subianto’s push for enhanced energy security. The ambitious program is being watched by other crop-rich nations, from Malaysia to Brazil, that are also seeking to cut reliance on fossil fuels.
Indonesian (ORG) Prabowo Subianto (PERSON) Malaysia (LOCATION) Brazil (LOCATION)
Originally published by Bloomberg Markets Read original →