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View all search resultsThe government is getting in gear to launch its B50 biofuel program as part of the wider energy and food agenda, reducing exports and potentially putting the country on a footing to dictate the global CPO market.
The government has lambasted the European Union’s decision to appeal a World Trade Organization (WTO) ruling supporting Indonesian biodiesel exports, arguing that the move went against the spirit of freshly elevated economic ties.
The Trade Ministry on Monday urged the European Union to immediately remove countervailing duties on biodiesel imports, after the World Trade Organization backed the Southeast Asian country on several key claims in a complaint to the trade body.
Used in everything from cakes and frying fats to cosmetics and cleaning products, palm oil makes up more than half of global vegetable oil shipments and is especially popular among consumers in emerging markets, led by India.
The Indonesian government is set to increase the palm oil-based content share in biodiesel from 35 percent (B35) to 40 percent (B40) starting in 2025. This move aligns with the nation’s renewable energy and carbon reduction targets while advancing the downstream development of its palm oil industry. However, the policy has sparked concerns over the environmental impact of palm oil cultivation and its potential to drive up cooking oil prices.
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