Indonesia's palm oil B40 delay causes market uncertainties

Quick Summary:

JAKARTA : Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan.1 as industry participants await the technical regulations for the rollout, causing confusion among palm oil traders.

Edi Wibowo, director of bioenergy at the energy ministry, said on Thursday that he was awaiting further instructions for B40, without providing more details.

Palm oil industry watchers had expected the rollout of the policy to be gradual.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesiaMalaysia

Topics: Biodiesel Palm Higher Indonesia Ministry Energy Cent Blend Indonesian Country Fuel

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 14:45:41 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24813940

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Official Website: channelnewsasia.com

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