Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Futures  >  Chicago Mercantile Exchange - Globex  >  CPO (CPO) - CMG (ELECTRONIC)/C1       

CPO (CPO) - CMG (ELECTRONIC)/C1

End-of-day quote. End-of-day quote Chicago Mercantile Exchange - Globex - 03/01
891.5 USD   --.--%
03/01Palm oil in focus as Swiss vote on trade pact with Indonesia
RE
02/28Malaysia's Feb palm oil exports fall 8.2% -AmSpec Agri
RE
02/26FGV : Malaysia's FGV posts higher Q4 profit, eyes 'eventful' year ahead
RE
SummaryQuotesChartsNews 
SummaryMost relevantAll NewsOther languagesMarketScreener Strategies

Indonesia to test palm oil in 'green' jet fuel by year-end

07/23/2020 | 12:40am EST

JAKARTA, July 23 (Reuters) - Indonesian state oil company PT Pertamina is set to test the production of jet fuel made up of 3% palm oil by the end of the year, Chief Executive Nicke Widyawati said on Thursday.

The comments come a week after the company announced its first batch of biodiesel using feedstock of 100% palm (D100) in its Dumai refinery, saying it would produce 1,000 barrels per day (bpd).

"The green jet fuel trial is part of the roadmap for Pertamina's biorefinery development in order to realise green energy in Indonesia," Widyawati said in a statement.

The new jet fuel will be made in Pertamina's existing facilities in Cilacap by "co-processing" crude oil with 3% refined, bleached and deodorised palm oil (RBDO), she said.

Like Pertamina's D100, Indonesia plans to eventually produce "green" jet fuel made up of 100% palm oil through processing RBDO straight into its refineries using catalytic cracking and hydrogen gas.

Pertamina is developing two "biorefineries" in Cilacap and Plaju with an output capacity of 6,000 bpd and 20,000 bpd to produce diesel and jet fuel made with 100% palm oil.

The biodiesel programme is a key part of the government's strategy to soak up excess supplies of palm oil and curb expensive fuel imports, one of the main contributors to the country's current account deficit.

Although biodiesel promises lower emissions, using palm oil as a feedstock raises concerns over environmental damage related deforestation.

The European Union concluded in March that palm oil causes excessive deforestation and plans to effectively phase it out as a fuel for transport. Indonesia has filed a complaint at the World Trade Organization. (Reporting by Bernadette Christian Munthe; Writing by Fathin Ungku; Editing by Richard Pullin)


Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CPO (CPO) - CMG (ELECTRONIC)/C1 0.00% 891.5 End-of-day quote.5.16%
LBS (LBS) - CMG (ELECTRONIC)/C1 0.00% 974 End-of-day quote.14.03%
LONDON BRENT OIL 0.79% 63.76 Delayed Quote.26.44%
WTI 0.96% 60.81 Delayed Quote.29.66%
All news about CPO (CPO) - CMG (ELECTRONIC)/C1
03/01Palm oil in focus as Swiss vote on trade pact with Indonesia
RE
02/28Malaysia's Feb palm oil exports fall 8.2% -AmSpec Agri
RE
02/26FGV : Malaysia's FGV posts higher Q4 profit, eyes 'eventful' year ahead
RE
02/25FIRST RESOURCES' : H2 2020 Profit Drops Despite Higher Sales
MT
02/24Majority of Swiss Voters Set to Back Trade Deal With Indonesia, Poll Shows
MT
02/24Malaysia's palm oil stocks seen below 1.5 million tonnes for most of 2021 - i..
RE
02/20EU envisages 1 billion euros aid to Ivory Coast to meet sustainable cocoa law..
RE
02/18Malaysia's Sime Darby Plantation eyes palm oil output recovery, high prices
RE
02/15MARKET CHATTER : India Records 45% Jump in Crude Palm Oil Imports in January
MT
02/09Malaysia's January Palm Oil Exports 947,000 Tons; Down 42%, MPOB Says
DJ
More news
Chart CPO (CPO) - CMG (ELECTRONIC)/C1
Duration : Period :
CPO (CPO) - CMG (ELECTRONIC)/C1 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CPO (CPO) - CMG (ELECTRONIC)/C1
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish