Indonesia president-elect Prabowo Subianto is aiming to implement mandatory 50% palm oil-based biodiesel blending by early 2025, which he said would cut fuel imports by $20 billion (€17.9 billion) per year.
Indonesia said it planned to raise the blending to 40% in January 2025, from 35% now, in an effort to reduce fuel imports and lower emission from fossil fuels.
Prabowo takes over in October from incumbent Joko Widodo, whose administration has ordered the palm oil industry to prepare for B50.
"We are at B35 now and we will accelerate to B40, B50," Prabowo said.
"With B50, 50% biodiesel made of palm oil, once we reach B50, that God willing by end of this year or early next year, we will save $20 billion a year, we do not need to send this money overseas."
Indonesia biofuel producer association APROBI said producers would need time to tests the B50 fuel and increase their production capacity to meet the demand.
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