Biotech Updates

Indonesia Pushes Processing Centers to Boost Biofuels and Oleochemicals from Palm Oil

December 18, 2009
http://www.biofuels-news.com/industry_news.php?item_id=1548

The Biofuels International website reports that the Indonesian government is seeking investments for the development of biofuels and oleochemicals from palm oil. It has plans to set up regional centers for processing palm oil into biodiesel and other products.  Processing areas in Riau, North Sumatra and East Kalimantan have been readied to receive the expected production of 21.5 million tons of palm oil in the next three years. Indonesia reportedly "earned $12.4 billion in palm oil revenue last year, making it the country's largest non-oil and gas export earner"..