# Indonesia's PalmCo delays IPO, plans biodiesel plant investment

> Indonesia's state palm oil company PalmCo delayed its IPO and plans to start construction this year on a biodiesel plant. The plant is expected to have 443,000 metric tons per year capacity by 2026.

- Date: 2024-01-10 · published 2024-01-10T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15674-indonesia-s-palmco-delays-ipo-plans-biodiesel-plant-investment
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

New biodiesel capacity points to rising domestic palm oil demand for biofuel, which tightens exportable supply over the medium term.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-07-25 | [Indonesia’s B50 Biodiesel Tightens Palm Oil Supply](https://feedsoft.ai/events/15546-indonesia-s-b50-biodiesel-tightens-palm-oil-supply.md) | -0.5% | +4.7% |
| PALMOIL | 2023-06-30 | [Palm oil quotes support Indonesia's plans to increase its biodiesel content to 40%](https://feedsoft.ai/events/15729-palm-oil-quotes-support-indonesia-s-plans-to-increase-its-biodiesel-content-to.md) | +8.5% | +13.1% |
| PALMOIL | 2020-08-19 | [Indonesia mulls palm oil levies increase to support biodiesel plans](https://feedsoft.ai/events/51467-indonesia-mulls-palm-oil-levies-increase-to-support-biodiesel-plans.md) | -0.7% | +7.2% |
| PALMOIL | 2023-01-13 | [Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies](https://feedsoft.ai/events/15761-indonesia-palm-oil-export-curbs-biodiesel-plans-to-hit-world-vegoil-supplies.md) | +0.1% | -0.0% |
| PALMOIL | 2020-02-06 | [Indonesia’s biodiesel thirst may weaken palm oil exports](https://feedsoft.ai/events/54503-indonesia-s-biodiesel-thirst-may-weaken-palm-oil-exports.md) | -2.7% | -11.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/indonesias-palmco-plans-invest-biodiesel-plant-2024-01-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.