Indonesia says B50 biodiesel plan to boost palm oil use, cut fuel imports

Indonesia will raise its palm-oil biodiesel blend to 50% from 40%, which Energy Minister Bahlil Lahadalia said will lift crude palm oil usage to 16.3–17.0 million metric tons from 15.2 million. The demand increase is likely to support palm oil fundamentals and related energy/feedstock pricing, with modest sector-level impact.

Analysis

Indonesia will raise its palm-oil biodiesel blend to 50% from 40%, which Energy Minister Bahlil Lahadalia said will lift crude palm oil usage to 16.3–17.0 million metric tons from 15.2 million. The demand increase is likely to support palm oil fundamentals and related energy/feedstock pricing, with modest sector-level impact.