# New biodiesel recipe can cut Indonesia's fuel imports

> 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.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/63911-new-biodiesel-recipe-can-cut-indonesia-s-fuel-imports
- 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 | 2018-08-07 | [Indonesia bets big on biodiesel to limit costs of oil imports](https://feedsoft.ai/events/63404-indonesia-bets-big-on-biodiesel-to-limit-costs-of-oil-imports.md) | +0.0% | +2.6% |
| PALMOIL | 2017-06-04 | [Indonesia route in adopting biodiesel](https://feedsoft.ai/events/70372-indonesia-route-in-adopting-biodiesel.md) | -1.0% | -1.1% |
| 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% |
| PALMOIL | 2020-07-31 | [Indonesia’s biodiesel plan, Delhi cuts VAT on diesel, Philippines’ fuel marking program - F&L Asia](https://feedsoft.ai/events/51975-indonesia-s-biodiesel-plan-delhi-cuts-vat-on-diesel-philippines-fuel-marking.md) | +10.1% | +8.5% |
| PALMOIL | 2019-12-20 | [Indonesia launches B30 biodiesel to cut costs, boost palm oil](https://feedsoft.ai/events/8616-indonesia-launches-b30-biodiesel-to-cut-costs-boost-palm-oil.md) | +1.5% | +6.0% |

## Sources

- jakartaglobe.id: https://jakartaglobe.id/business/new-biodiesel-recipe-can-cut-indonesias-fuel-imports-industry-minister/
- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2018/07/new-biodiesel-recipe-can-cut-indonesias-fuel-imports/

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