Agrinas Palma Nusantara and Pertamina Power Indonesia plan to restart a biodiesel plant in Riau with annual capacity of 600,000 tonnes of fatty acid methyl ester (FAME). The restart is intended to increase FAME supply as Indonesia’s B50 mandate requires about 19 million kiloliters, compared with 17 million kiloliters for B45.
The B50 mandate increases demand for palm-based biodiesel feedstock, which could support palm oil demand. Restarting the plant could help expand FAME availability, although the article raises concern about whether feedstock supplies can meet the mandate.
After 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.
After 27 past neutral policy events, ULSD / Diesel moved a median -1.4% over 5 sessions (41% higher; middle half -4.3% to +2.6%), and -4.6% 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.