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JAKARTA, July 30 (Reuters) - Indonesia’s plans to raise the bio-content of its palm oil-based biodiesel to 40% - known as B40 - is back on schedule with a target for implementation by July 2021, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Thursday.
Indonesia, which has been increasing the palm oil content of its biodiesel since 2015, wants to cut its energy imports and increase consumption of palm oil.
“I am targeting the implementation of B40 .. to be carried out by July 2021,” Hartarto said in a televised interview with CNBC Indonesia.
The plan for implementation next year was expected to be delayed due to low crude oil prices making palm a less attractive option for biodiesel feedstock.