# Indonesia offering incentives for new 100pct palm oil-based 'green diesel'

> Indonesia is offering incentives to developers of a new 100% palm oil-based green diesel that meets Euro IV standards. The industry minister said the country hopes to replace costly fuel imports within three years, and the bio component of its road diesel is expected to rise to 30% in 2020.

- Date: 2018-07-25 · published 2018-07-25T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/63910-indonesia-offering-incentives-for-new-100pct-palm-oil-based-green-diesel
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If commercialized, a palm-based green diesel would add structural demand for palm oil and reduce Indonesia's fuel import bill. The benefit is a multi-year effect, so near-term price impact is modest.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-11-25 | [Indonesia sticks to its guns on B20 biodiesel, despite rising palm oil prices \| New Straits Times](https://feedsoft.ai/events/73758-indonesia-sticks-to-its-guns-on-b20-biodiesel-despite-rising-palm-oil-prices.md) | +3.8% | +5.0% |
| PALMOIL | 2020-02-04 | [Indonesia's Thirst for Biodiesel May Undercut Global Palm Oil Supply](https://feedsoft.ai/events/54693-indonesia-s-thirst-for-biodiesel-may-undercut-global-palm-oil-supply.md) | +4.6% | -11.1% |
| PALMOIL | 2023-12-20 | [GAPKI: Biodiesel Incentive Stabilizes Palm Oil Prices - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15684-gapki-biodiesel-incentive-stabilizes-palm-oil-prices-gabungan-pengusaha-kelapa.md) | +0.4% | +2.1% |
| PALMOIL | 2024-11-07 | [Indonesia's palm oil fund urges govt to rethink biodiesel funding plan \| Reuters](https://feedsoft.ai/events/15603-indonesia-s-palm-oil-fund-urges-govt-to-rethink-biodiesel-funding-plan-reuters.md) | +0.4% | +1.8% |
| PALMOIL | 2016-11-25 | [Palm oil demand from Indonesia biodiesel sector to surge by 2020](https://feedsoft.ai/events/73756-palm-oil-demand-from-indonesia-biodiesel-sector-to-surge-by-2020.md) | +3.8% | +5.0% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2018/07/394137/indonesia-offering-incentives-new-100pct-palm-oil-based-green-diesel

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