Indonesian companies will get a 1.5-month transition period to meet the new B40 biodiesel requirement, announced Deputy Energy and Mineral Resources Minister Yuliot Tanjung. The mandatory mix of 40% palm oil fuel in biodiesel was initially planned for January 1st, but industry players requested more time due to the lack of technical regulations. The official decree detailing the volume of biodiesel allocated to fuel retailers is still pending, causing uncertainty about the impact on palm oil exports.
FILE PHOTO: A worker at state-owned Pertamina, the country's main retailer of subsidised fuel, fills a vehicle at a petrol station in Jakarta November 17, 2014. REUTERS/Beawiharta/File Photo
Indonesia had planned to launch the mandatory mix of 40 per cent palm oil fuel in biodiesel on Jan. 1, but industry players said they are still waiting for the technical regulations for its implementation.Market participants were waiting for the official decree detailing the volume of biodiesel that Indonesia will allocate to fuel retailers to gauge how much exports of palm oil will be affected.
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