Prabowo-Gibran Officially Won The Election: Palm Oil Association Hoped Downstream Would be Escalating

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Several derivative products of palm oil. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – Three downstream industrial associations extend their congratulations to Prabowo Subianto and Gibran Rakabuming Raka on their election as President and Vice President of Indonesia for the 2024-2029 term.

The Gabungan Industri Minyak Nabati Indonesia (GIMNI), Asosiasi Produsen Biofuel Indonesia (APROBI), and Asosiasi Produsen Oleochemical Indonesia (APOLIN) warmly welcome the duo, expressing hopes for the continuous growth and development of palm oil downstream industries and the promotion of renewable energy initiatives in Indonesia.

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The General Election Commission officially declared the Number 2 candidate as the winner of the 2024 Presidential Election, securing 58.6% of the votes.

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Sahat Sinaga, the Executive Director of GIMNI, expressed confidence that the Prabowo-Gibran administration would wholeheartedly commit to advancing palm oil downstream programs..

“I believed Prabowo-Gibran would be very committed in palm oil downstream programs. In the future, Indonesia would have the chance to be Green Fuel King in the world,” Sinaga said in the breaking the fast and media gathering in Jakarta that Palmoilmagazine.com attended on Thursday, 21 March 2024,

Sinaga also emphasized it needs to continue the program which has been running so far. He thought when having communication with the team of Prabowo-Gibran, they emphasized to continue the program by improving what it needs.

Besides, GIMNI also proposed to establish Badan Sawit Indonesia to solve overlapping regulations in 17 ministries and institutions that deal with palm oil (sectors).

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On the other hand, APROBI thought the government should support biodiesel program as part of transition heading to renewable energy. General Secretary of APROBI, Ernest Gunawan hoped there would be more solid and clear regulation to avoid many interpretations that could threaten the program.

Ernest believed Prabowo-Gibran would make the investor cool down in biofuel industries in Indonesia knowing that the two are committed to escalate biodiesel program.

“We hope the young Vice President, Gibran would better regulation for businessmen. One thing for sure, we would support him and hope to get safer regulations for us as investors,” Ernest said.

meanwhile, APOLIN focused on Harga Gas Bumi Tertentu (HGBT) that delivered positive impacts for oleochemical sector. General Secretary of APOLIN, Rapolo Hutabarat hoped the policy would be continued for longer to deliver certainty of business for the stakeholders.

The policy would deliver additional values for stakeholders from investment, export, tax, and development in the regions.

The impacts from HGBT for oleochemical sectors were the tax realization reached Rp 2,2 trillion in 2021 and Rp 2,9 trillion in 2022. The investment realization reached Rp 1,76 trillion in 2021 and Rp 2,3 trillion in 2022. “We hope, HGBT would be continued for the next 5 to 10 years,” Hutabarat said. (T2)

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