Indonesia received the first batch of biodiesel made from palm oil

2020-07-29 12:07:01
Machine translation
Indonesia received the first batch of biodiesel made from palm oil

the Indonesian state oil company PT Pertamina produced the first batch of biodiesel, for the production of which was only used palm oil (D100), and then announced intentions to produce up to 1000 barrels/day such products on their own dumisha maslopressovogo plant.

 

Starting in 2019, Indonesia increased the biodiesel content in diesel fuel from 20% (B20), 30% (B30), and plans to gradually increase this figure to 100%.

 

In Pertamina said that instead of mixing crude palm oil with conventional fuels, the company massoperenosa the plant processes refined, vdieo and deodorized palm oil into a clean fuel D100 with the use of catalytic cracking and hydrogen gas.

 

the government's Decision to increase the use of palm oil in the production of biodiesel has led to higher prices for it up to 650-680 $/t last year.

 

This week due to a sharp drop in domestic demand for biodiesel due to the pandemic Covid-19, the Indonesian government has lowered the estimated consumption of biodiesel in 2020 by 13.5% to 8.3 million tonnes, leading to difficulties meeting the mandate B30 introduced in the beginning of the year.

 

In may, the government stated that it will not increase the mandate for the blending of biodiesel up to 40%, and plans to produce fuel solely from palm oil is transferred from 2023 to 2026, as the pandemic coronavirus slowed research, and investment flows.

 

Futures on palm oil exchange in Malaysia yesterday fell another 2.6% to 2603 Ringgits/t or 612,4 $/ton, after losing two days to 6.7% due to forecasts of decreasing the use of oil for biodiesel and because of the appreciation of the ringgit against the dollar to a maximum of 6 weeks.

 

a Decline in prices for palm oil in the near future will increase the pressure on the stock prices of other vegetable oils, and soy and rape.

Visitors’ comments (0):