Thursday, 24 July 2008

Indonesia to switch 10 percent petroleum to biofuel

Indonesia plans to substitute around 10 percent of its fossil fuel transport consumption with biofuel products by 2010, a senior government official said. The resource-rich tropical nation has been pushing the use of biofuels made from various resources such as palm oil, sugar cane and cassava to cut the use of costly petroleum products. The move aims at easing burden of hefty subsidy on petroleum products without raising the price of subsidized fuel sold on domestic market. By 2010, biofuel products are expected to account for 3.8 million kilolitres of total petroleum consumption for transportation at estimated 34.75 million kilolitres. (http://www.antara.co.id/en/arc/2008/1/15/indonesia-to-switch-10-pct-petroleum-to-biofuel/)

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