Trade4go Summary
Indonesia is planning to increase its oil palm cultivation area in order to boost crude palm oil (CPO) production for use as a feedstock in biodiesel. This is in response to the government's biodiesel policy, which is increasing domestic palm oil consumption. The country currently has 16.8 million hectares dedicated to oil palm cultivation and produces an estimated 50.07 million tons of CPO in 2023. The government aims to raise the biodiesel blend rate from B35 to B40 by 2025 and is considering introducing B50.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
According to the country's Ministry of Agriculture, Indonesia is expanding its oil palm cultivation area to increase crude palm oil (CPO) production as a feedstock for 50% biodiesel (B50), vietnam plus reports. As specified, intensification of cultivation area is a faster solution compared to replanting, which can take up to three years. Domestic palm oil consumption is increasing due to the implementation of the B35 biodiesel policy. The Indonesian government plans to increase the amount of biodiesel blend to B40 by January 2025 and is preparing for the introduction of B50. Thus, there remains the potential for a significant increase in palm oil production by ...
Oilworld
Nov 2nd, 2024
