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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OneOracle
543 posts
Posted by OneOracle > 2022-12-09 22:03 | Report Abuse
If b40 is implemented very likely there will be serious shortage of palm oil when china fully reopen in 2023 coupled with flooding and low peak season. Thats why for now b35 is implemented until feedstock supply is further increase in future.
Biodiesel B35 Will Run Next Year, How come it won't become B40 Pak Jokowi?
08 December 2022 15:40
Jakarta, CNBC Indonesia - Indonesian President Joko Widodo (Jokowi) asked that the mandatory implementation of the 35% biodiesel blend or B35 program be implemented from January 2023.
Later, B35 will be used as a mixture for diesel fuel, with a ratio of 65% diesel and 35% biodiesel.
The application of B35 is down compared to the original plan which would apply a 40% biodiesel blend (B40). In fact, the Ministry of Energy and Mineral Resources (ESDM) has already conducted road tests for B40 from July to November 2022.
So, why suddenly B35 will be implemented next year instead of B40?
The Director General (Dirjen) of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources, Dadan Kusdiana, also explained the reasons for the decision to implement B35 instead of B40 as originally planned.
Dadan acknowledged that the government had conducted trials on B40 and showed positive results, both from laboratory tests and road tests. However, he said that the determination of the B35 policy had gone through careful consideration.
"We did test B40, and the results were positive, both in the lab test and the road test," he told CNBC Indonesia, Thursday (8/12/2022).
Dadan revealed that the considerations that had been reviewed by the government so that it finally decided to implement B35 included readiness to supply raw materials, infrastructure readiness, and anticipation of B35 incentives.
"The policy for determining B35 certainly considers matters such as supply readiness , infrastructure readiness and also anticipation of the amount of biodiesel incentives," he explained.
Dadan also said that the government was ready to implement B35 at the beginning of next year. This is evidenced by the results of trials that there are no significant obstacles.
"Ten of the 12 vehicles used in the road test have completed the road test with the result that there were no significant problems. The biodiesel specifications for B35 will then be determined," he explained.
Therefore, his party is optimistic that the implementation of B35 in Indonesia can start in January 2023. This is also a form of government anticipation of rising world oil prices and also to reduce diesel imports.
"Hopefully the B35 program can be implemented from January 2023," he said.
With the implementation of B35, according to him the allocation of biodiesel in 2023 will increase to 13 million kilo liters (kl), from the 2022 allocation of 11.02 million cl.
Dadan said this was based on calculations and considerations for domestic diesel fuel consumption growth.
"Based on calculations taking into account fuel consumption growth, the allocation of biodiesel for the 2023 B35 program is estimated to be around 13 million KL," he said.
Previously, the Ministry of Energy and Mineral Resources had conducted a B40 road test by the Lemigas Oil and Gas Testing Center involving the KEBTKE Survey and Testing Center and the National Research and Innovation Agency (BRIN) through funding from the Oil Palm Plantation Fund Management Agency (BPDPKS). ) submitted by the Ministry of Energy and Mineral Resources, Directorate General of EBTKE.
The fuel formulation used in the B40 road test was B30D10 with a mixed formula of 30% Biodiesel or B100 and 10% Biodiesel. The type tested was B40 with a mixed formula of 40% Biodiesel plus 60% Solar (B0).