Expanding Costs for the Biodiesel Program
The decrease of crude oil prices is endangering the biodiesel program. The price difference of biofuels and diesel fuel has driven up the amount of funds needed to pay incentives to biodiesel producers.
Retno Sulistyowati
May 12, 2020
BEFORE decisions regarding organizational regulations and work procedures of the Indonesian Sustainable Palm Oil (ISPO) Steering Committee could even be made, the coordinating ministry for the economy was facing a new task closely related to the matter of palm oil. The drop in the world price of crude oil has made the government’s current program to mix biofuel and diesel fuel (biodiesel) uneconomical. “The strategy which needs t
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