PFMA Signed the Biodiesel Incentive Fund reaching 1,46 Million kl

PFMA Signed the Biodiesel Incentive Fund reaching 1,46 Million kl

InfoSAWIT, JAKARTA –Palm oil Plantation Fund Management Agency (PFMA) did the agreement to fund palm oil biodiesel incentive in May – October 2018 within the volume reaching 1,46 millionkiloliters (kl).

The signing of the agreement becomes the evidence of the government to support the sustainable palm oil development and also to increase the energy security.

Director ofFund Distribution, PFMA, Edi Wibowo, said, the agreemment of biodiesel incentive would be done with 19 active companies, such as, Wilmar Group, Permata Hijau Group, Darmex, Sinar Mas Group, LDC, Tunas Baru Lampung, Musim Mas, dan perusahaan lainnya.

He also mentioned, the incentive distribution has become the instrument to stabilize the crude palm oil (CPO) price in the world. “The incentive distribution makes the CPO about US$ 655/ton, or increased about 30% compared to the CPO price in August 2015,” he said to the media, Friday (25/5/2018) that InfoSAWIalso attended in Jakarta.

For information, the capacity of palm oil biodiesel in Indonesia reached 11,62 million kl. So if the government increases the biodiesel mandatory to diesel up to 30% (B30), this could be done and enough to realize it in 2020. (T2)


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