Indonesia sees B40 biodiesel mix absorbing extra 2.5 million tonnes of palm oil
FILE PHOTO: Palm oil fresh fruit bunches are seen at the collector site before being transported to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. REUTERS/Willy Kurniawan
JAKARTA : Senior Indonesian minister Luhut Pandjaitan estimated on Thursday that an additional 2.5 million tonnes of palm oil could be absorbed by the domestic market if the country raised the amount of palm oil in its biodiesel mix to 40 per cent (B40).
The world's biggest palm oil maker currently has a mandatory 30 per cent blend of palm oil-based fuel in biodiesel, but is considering whether to increase the mix to help reduce inventory of the vegetable oil. Luhut added that the country may also export some of the biodiesel.
Source: Reuters
