Achievement of the B30 biodiesel development program demonstrates Indonesia’s success as a B30 pioneer, Dadan Kusdiana, Director General of New, Renewable Energy, and Energy Conservation (EBTKE) at the Energy and Mineral Resources Ministry (ESDM), said. “Our provision and utilization of biodiesel have made us the world’s leader in B30 implementation,” he affirmed here on Monday.…
DetailsForeign direct investment (FDI) into Indonesia surged 19.6% on a yearly basis in the second quarter in rupiah terms, the country’s investment ministry said on Tuesday, the highest rise in over five years. Total FDI in April-June stood at 116.8 trillion rupiah ($8.06 billion), excluding FDI into banking and the oil and gas sector. The…
Details
The Indonesian government has been sending mixed signals to the automotive industry as it looks to both electric vehicles (EV) and biofuels for greener road transportation. Experts queried by the Jakarta Post recommend that Indonesia focus on EVs, as this technology would dominate in the long run, but they added that biofuel may play a…
Details
An agriculture, the so-called waste is not wasted. The Chief Executive, Golden Seed Fats and Oils Limited,Lanre Sam-Akinkunmi, is proving this. He has explored every part of the palm tree. These include the empty fruit bunches (EFB), mesocarp fibres, palm kernel shells, and also the fronds and trunks. Though he keeps palm kernel shells left over…
Details
Oil palm smallholders are on the path towards sustainability with Indonesian Sustainable Palm Oil (ISPO) certification. And palm oil critics should take note of this. The Indonesian palm oil community is well aware of how these smallholders serve as a backbone to the country’s palm oil output. Smallholders produce more than 40 percent of the…
Details
The value of Indonesian palm oil product exports reached a decade high in May as commodity prices rose in line with the economic recovery seen in numerous developed and emerging economies. The average price of crude palm oil (CPO) on the Rotterdam market in terms of cost, insurance and freight (CIF) similarly reached a decade…
Details
The value of Indonesian palm oil product exports reached a decade high in May as commodity prices rose in line with the economic recovery seen in numerous developed and emerging economies. The average price of crude palm oil (CPO) on the Rotterdam market in terms of cost, insurance and freight (CIF) similarly reached a decade…
Details
Jakarta. Having Swiss on board for the trade deal between Indonesia and European Free Trade Association, or EFTA, will convey a strong message regarding the discriminated palm oil to the European Union, or EU, according to Deputy Trade Minister Jerry Sambuaga. Indonesia and EFTA inked a comprehensive economic partnership agreement —also known as IE-CEPA— back…
Details
Having Swiss on board for the trade deal between Indonesia and European Free Trade Association, or EFTA, will convey a strong message regarding the discriminated palm oil to the European Union, or EU, according to Deputy Trade Minister Jerry Sambuaga. Indonesia and EFTA inked a comprehensive economic partnership agreement —also known as IE-CEPA— back in…
Details
JAKARTA, July 13 (Reuters) – Indonesia’s exports likely surged again in June, but the pace may have slowed to the softest in three months after palm oil prices eased, while rising COVID-19 cases at home pressured imports, a Reuters poll showed on Tuesday. Southeast Asia’s biggest economy has been enjoying an export boom on the…
Details
World Population Day is marked on July 11 every year to focus attention on the importance and urgency of issues related to an ever-increasing human population, including their relations with the environment and development. It was first observed by the United Nations Development Programme (UNDP) in 1989 and is observed in different ways to highlight…
DetailsAmid Covid-uncertainty and a massive second wave, Indonesia decided to double down on what its export economy does best: palm oil. An export tariff cut came into effect over the weekend. The idea is to make Indonesian palm oil and its derivatives irresistible on the global market. The way the tariff scheme is set up,…
Details
Market restrictions in the European Union continue to become the main hurdle for Indonesian palm oil exports for the last three years despite ongoing negotiations and efforts at the World Trade Organization, the industry association said on Thursday. The government has since 2019 engaged in negotiations with the EU and lodged a complaint with the…
Details
Indonesia’s oil reserves will run out in about 10 years, assuming no new reserves are discovered. Natural gas is also estimated to be exhausted in approximately 22 years with existing reserves at 77.3 trillion cubic feet. Meanwhile, coal reserves of 37.6 trillion tonnes will be exhausted within 65 years if exploited at the same scale…
Details
Ongoing negotiations between the European Union and Indonesia on a trade and investment deal should not be hampered by differences over palm oil, the EU’s top diplomat said, even as the bloc aims to phase out use of palm oil in fuel. Palm oil is one of the top exports from Southeast Asia’s largest economy…
Details
Foreign Affairs Minister Retno Marsudi earnestly appealed to the European Union (EU) to avoid discriminating against Indonesian palm oil, as the Southeast Asian nation was endeavoring to achieve economic recovery amid the COVID-19 pandemic. “Indonesia’s request is simple that fair treatment be given to Indonesian palm oil,” Marsudi remarked during a virtual press statement after…
Details
Indonesia’s exports racked up their strongest rise in 11 years in April, boosted by a surge in prices of key commodities such as palm oil and copper, though the unexpectedly robust figure is not expected to change the central bank’s policy settings. The resource-rich nation’s shipments rose 51.94% on a yearly basis to $18.48 billion,…
Details
Palm oil surged about 5% to end near a record high as soybean oil powered to its highest level since 2008 and industry participants anticipated a drop in production in second-biggest grower Malaysia. Better export data for the first half of May, a rebound in the Dalian market and some bargain buying are supporting palm…
Details
Bridging World Earth Day on April 22 and World Ocean’s Day on June 8 the Chronicle aims to run a series of articles that hope to help address the various ways people can ‘Restore Our Earth’, this week it’s everyday product awareness. Chronicle reporter Eyleen Gomez looks into the environmental impact of sunscreen and palm…
Details
Neither the pandemic nor the low oil prices succeeded in slowing the growth of the global biodiesel market. As economies worldwide start to recover from the Covid crisis, and environmental concerns increase, the demand is set to remain robust in 2021. Key Trends and InsightsIn 2020, the demand for biodiesel declined to 39.5M tonnes after…
Details
