Indonesia’s oil palm plantation fund management agency (BPDPKS) data show that Indonesia’s gross palm oil stocks are expected to be lowered to 4.37 million tons by the end of 2023, lower than the earlier expected 5.74 million tons, because Indonesia recently announced that it will increase the mandatory blending ratio of biodiesel from 2023.
Indonesia decided to increase the mandatory blending rate of palm-based biodiesel to 35% from the current 30% from Jan. 1 next year.
BPDPKS is responsible for collecting palm oil export fees and allocating the proceeds to various palm oil-related projects, including biodiesel. Indonesia’s Ministry of Energy has allocated 13.15 million kiloliters of palm-based biodiesel for 2023, a 19 percent increase over this year’s allocation of 11.02 million kiloliters.
Source: BoiGuru
Post time: Dec-30-2022