Biodiesel 30 Program is Assessed to be Able to Save IDR 66.54 Trillion in Foreign Exchange in 2021
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif said the mandatory 30% biodiesel or B30 policy was able to reduce imports of fuel oil (BBM), especially diesel and save foreign exchange.
In 2021, the foreign exchange savings generated from the B30 program will be IDR 66.54 trillion. The realization of biodiesel utilization throughout 2021 was recorded at 9.3 million kiloliters (kl). "Utilization for 2021 reaches 9.3 kl and we can save in 2021 a total of Rp. 66.54 trillion," he said at a recent press conference. By 2022, biodiesel utilization is targeted to reach 10.1 million kl. This figure is up from the biodiesel allocation in 2021 which amounted to 9.4 million kl. "The mandatory biodiesel policy can reduce oil imports and save foreign exchange," said Arifin. Previously, the Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources Dadan Kusdiana said the increase in biodiesel allocation next year was based on the realization of diesel oil imports and the realization of biodiesel distribution in 2021, as well as the assumption of 5.5% demand growth.
|•SOURCE•| Articles : | Image :CNBC |
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