The Palm Scribe

Biodiesel saves $3b of forex reserves

Bisnis Indonesia, 6 December 2018

The government expected to see the expansion of 20% biodiesel blend (B20) program to save up to $3 billion of national foreign exchange reserves in 2019, as the expansion requires 6.2 million metric tons of fatty acid methyl ether (FAME), Economic Affairs Coordinating Ministry Energy, Natural Resources, and Environment Management Coordination Deputy Andi Novianto said during the launch of Coaction Indonesia’s study titled “The Dynamics of Upstream-Downstream Supply Chain in Biodiesel Industry in Indonesia” on Wednesday (5 December).

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