Indonesia will start road test for vehicles powered by 40% palm-biodiesel or B40 in February, says Dadan Kusdiana, director general of new and renewable energy at the Energy and Mineral Resources Ministry in a briefing on Monday.
The road test will need about five months to complete Implementation for B40 biodiesel blending will depend on the result of road test
Fuel producers may need to improve quality of biodiesel and gasoil for the B40 program.
Brent crude Oil Prices Rose , futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant.
The bullish sentiment is continuing as (producer group) OPEC+ is not providing enough supply to meet strong global demand,” said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd.
“If (investment) funds increase allocation weight for crude, prices could reach their highs of 2014,” he said.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies – OPEC+ – are gradually relaxing output cuts implemented when demand collapsed in 2020.
Source : Reuters , Bloomberg