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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 a pilot biorefinery is already producing it.
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.
jakartaglobe.idGayatri Suroyo, Tabita Diela &, Bernadette Christina MuntheJul 25, 2018
hydrocarbonprocessing.comJul 24, 2018After 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.
