# Usli : Kesepakatan COP26 Picu Peningkatan Permintaan Biodesel | Mahkota Group

> A president director of PT Mahkota Group said the COP26 conference agreed to gradually reduce coal use, which he expects will push countries toward biodiesel. He cited Indonesia as the largest biodiesel producer, with output of 137 thousand barrels per day.

- Date: 2021-11-25 · published 2021-11-25T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/15865-usli-kesepakatan-cop26-picu-peningkatan-permintaan-biodesel-mahkota-group
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected policy shifts away from coal could lift biodiesel demand and support vegetable oil prices. This is a company executive's view rather than a confirmed demand change, so the price effect is modest.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-03-20 | [Ada insentif tarif ekspor CPO, ini tanggapan emiten \| Mahkota Group](https://feedsoft.ai/events/59952-ada-insentif-tarif-ekspor-cpo-ini-tanggapan-emiten-mahkota-group.md) | +0.4% | +1.6% |
| PALMOIL | 2022-04-26 | [Malaysia's biodiesel group opposes reduction of biofuel mandate](https://feedsoft.ai/events/15828-malaysia-s-biodiesel-group-opposes-reduction-of-biofuel-mandate.md) | +10.6% | -0.0% |
| PALMOIL | 2023-09-01 | [The biodiesel complex up](https://feedsoft.ai/events/15706-the-biodiesel-complex-up.md) | -4.5% | -7.0% |
| PALMOIL | 2025-08-01 | [Trump's America First biodiesel policy could cost US companies, consumers, trade groups warn](https://feedsoft.ai/events/15094-trump-s-america-first-biodiesel-policy-could-cost-us-companies-consumers-trade.md) | +1.5% | +5.3% |
| PALMOIL | 2022-05-19 | [Slick operator: Indonesian cooking oil probe may spread to biodiesel industry](https://feedsoft.ai/events/15821-slick-operator-indonesian-cooking-oil-probe-may-spread-to-biodiesel-industry.md) | +1.4% | -7.4% |
| SBO | 2022-04-26 | [Malaysia's biodiesel group opposes reduction of biofuel mandate](https://feedsoft.ai/events/15828-malaysia-s-biodiesel-group-opposes-reduction-of-biofuel-mandate.md) | -2.4% | -4.2% |
| SBO | 2020-09-16 | [South Dakota Soybean \| Biodiesel Industry Plans for Future Growth;…](https://feedsoft.ai/events/50990-south-dakota-soybean-biodiesel-industry-plans-for-future-growth.md) | -1.2% | -1.1% |
| SBO | 2019-04-05 | [Legislation introduced to make biodiesel tax credit permanent](https://feedsoft.ai/events/59467-legislation-introduced-to-make-biodiesel-tax-credit-permanent.md) | -0.8% | -7.3% |

## Sources

- mahkotagroup.com: https://www.mahkotagroup.com/en/media/berita/2021/usli-kesepakatan-cop26-picu-peningkatan-permintaan-biodesel

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