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Pertamina has contracted Honeywell UOP to license technology for two refineries, adding renewable fuels output. A new biorefinery at the 118,000 b/d Plaju refinery will process 20,000 b/d of vegetable oils and fats into renewable jet and diesel fuel.
The 348,000 b/d Cilacap refinery will be revamped to process 6,000 b/d of vegetable oils and fats.
New vegetable oil-based biofuel capacity adds structural demand for palm and other vegetable oils, supporting prices over time, though the volumes are modest relative to global supply.
ogj.comRobert BrelsfordSep 29, 2020After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
