Indonesia may start using B35 biodiesel from Jan 2023 -energy ministry Reuters JAKARTA, Dec 9 (Reuters) - Indonesia may start implementing a programme to use biodiesel with 35% blend of palm oil-based fuel, known as B35, from January, 2023, senior energy ministry official Dadan Kusdiana said on Friday. Currently Indonesia uses B30, containing 30% palm oil-based fuel. The overall palm oil-based fuel allocation for 2023 is estimated at around 13 million kilolitres in 2023, he said.
Indonesia's 2022 allocation was 11.03 kilolitres.
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Indonesian President Joko Widodo told his cabinet earlier this week to prepare the mechanism to implement B35 amid expectations that the crude oil price would remain high next year.
Southeast Asia's biggest country is among the region's top importers of fuel, but authorities said import bills have been slashed significantly since Indonesia started expanding the portion of palm oil in biodiesel. The energy ministry has been running trials for biodiesel containing 40% of fuel made using palm oil.
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sop plantations are well developed, monthly profit is good, selling price 4000 rm /ton,while the cost is 2000 rm. last quarter profit reported as 200 million,the coming quarter would be also 200 million,plus. full year earning no less then 800 million, what more you want.
the great scenario is indonesian palm oil production. generally speaking ,indo produces 50 million ton of oil per year. own consumption ,for food 8 million ,biodessel b30 ,10 million, if they for B40, will use up to 13 million, the Rest for export, on average 30 million for export, how they price the product, Well, looks like 4000 per ton for. There is no glut on supply of the commodity.
palm oil will partly follow the price of fossil crude oil ,the reason is Indonesia would use B30 biodiesel for transport energy. that amount to 9 millions ton of palm oil annually. crude oil currently projected to go 140-160 usd per barrel.
even with Indonesia lifted the export ban, but palm oil price still will remain high, for extreme cast still be above 4000 rm. per ton, Indonesia till will keep the 30 bio diessel programe,consume 10 million ton CPO per year. domestic food usage take 8 million ton, Availability of oil for export is not too alarming. the figure could be could be 3o-35 million ton region.