Singapore's Golden Agri Resources to Build Biodiesel Facility in Indonesia
August 19, 2015http://www.customstoday.com.pk/gar-to-build-150m-biodiesel-facility-in-indonesia/
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Singapore-listed Golden Agri Resources (GAR), the world's second largest plantation company, will establish two biodiesel facilities in Indonesia to benefit from the country's anticipated energy mixture policy that is expected to boost sustainable fuel consumption.
The two new plants will be located in Marunda in North Jakarta and Tarjun in South Kalimantan. The production from the facilities is expected to be fully absorbed by the Indonesian government's biodiesel program.
The government has planned to increase the mandatory mix of biofuel in diesel fuel from 10 to 15 percent to encourage sustainable energy use. It is also the country's solution to easing the volatility of the rupiah, as reduced oil imports will most likely improve the country's current situation. The move has also been applauded by CPO producers as it could lessen CPO supply in the Asian market and boost its prices.
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