Indonesia Economy Forum

[Indos]

RI to produce 14 million KL of green fuel in 2030

NEWS - Anisatul Umah, CNBC Indonesia

10 February 2021 19:34

Photo: Pertamina Tests Green Diesel at Cilacap Refinery (Doc. Pertamina)

Jakarta, CNBC Indonesia - The government is taking various steps to reduce imports of fuel oil (BBM), especially gasoline ( gasoline ) by switching to more environmentally friendly energy.

Director General of New and Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources (ESDM) Dadan Kusdiana said the government would continue to encourage the use of palm oil for sustainable fuel ( biofuel ).

He said that green fuel production would be encouraged through processing palm oil at Pertamina's refineries, either in the form of blending crude palm oil (CPO) in existing oil refineries ( co-processing ) and building new units ( stand alone ). processing palm oil into green diesel and green gasoline .


By 2030, the government estimates that the production of green fuel, both green diesel and green gasoline, will reach 14 million kilo liters (kl) or an increase of 65% from the current amount of 8.4 million kl.

"By 2030, biofuels will increase by 50% to nearly 14 million kilo liters (kl)," he explained in the National Webinar on 'Strategies for Strengthening Palm Oil Management Policies', Wednesday (10/02/2021).

He further said that Pertamina is seeking to produce green diesel and green gasoline by 2022 at the Cilacap refinery. For co-processing green diesel is estimated at 0.1 million kl, green diesel from its own processing plant ( stand alone ) of 0.2 million kl, and green gasoline unit co-processing around 0.1 million kl in 2022.

This number will increase in 2030 to green diesel, from a separate refinery to 1.3 million kl, and a separate refinery that also produces green gasoline by 2 million kl.

The biodiesel production capacity from the existing factory currently reaches 9 million kl in 2020 and will increase to 10.4 million kl in 2030.

Read: Final Study, Application of Biodiesel B40 Awaits Jokowi's Instruction

" Green diesel or green gasoline will be encouraged , both co-processing at Pertamina's existing refineries, which will be replaced by processing palm oil from previously processing petroleum, as well as separate or stand alone refineries ," he said.

According to him, palm oil raw materials are not as conveyed by developed countries, such as having an impact on deforestation, the environment, peat, and humanity.

"The raw material for palm oil is not as conveyed by developed countries. We also ensure that the use is ready, do not suddenly (suddenly) so that the public is not sure. One day we will see palm oil, we will continue to ensure the quality spec is according to standards," he explained.

Previously, the President Director of PT Pertamina (Persero) Nicke Widyawati said that she would make various efforts to reduce fuel imports, especially gasoline this year. She said the bio-energy program was the key in reducing fuel imports.

Read: Moeldoko: RI-Malaysia Agree to Oppose the European Anti-Palm Oil Campaign

First, through B30 which comes from palm CPO which will be increased to B40. Currently, the Ministry of Energy and Mineral Resources is conducting a study to increase B30 to B40.

Technically, according to her, Pertamina's refinery can produce green diesel (D100) at the Dumai Refinery and will also produce another 6,000 barrels per day (bpd) at the Cilacap Refinery.

"We will also build a green refinery in Plaju, so it can reduce imports. Then, to reduce imports of gasoline, Pertamina and Energy Ministry are testing the GME program, so gasoline (gasoline) is mixed with 15% methanol and 5% ethanol," said by Nicke, Thursday (04/02/2021).

RI Bakal Produksi Bahan Bakar Hijau 14 Juta KL di 2030

Pada 2030, pemerintah memperkirakan produksi bahan bakar hijau, baik green diesel dan green gasoline mencapai 14 juta kilo liter (kl).

www.cnbcindonesia.com

 

[Indos]

AlhamduliLLAH. The government program to make Kalimantan island as Indonesia future food main producer has shown some good result. 10.000 acre new agricultural land as the first phase of the program is successfully cultivated

 

[Indos]

Indonesia tourism hasnt yet become 20 largest in the world. With this fact so the negative effect from the pandemic will likely be much lower than those 20 nations. With the new Covid strain coming from South Africa that is more deathly and less effected from current vaccine, I would say tourism sector will likely show not much different this whole year with its last year performance.

 

[Indos]

PT Pertamina has received 1 VLCC that can strore 2 million barrel oil from Japan shipyard.

 

[Indos]

Moody said Indonesia economy can grow 6 % if pandemic can be controlled in the second half of 2021

 

[nufix]

Moody said Indonesia economy can grow 6 % if pandemic can be controlled in the second half of 2021

I am pretty confident with this seeing that both PMI and middle class consumption is back on the rise already by February. Lets see if the gov can back this up with a speedier vaccination.

 

[Indos]

I am pretty confident with this seeing that both PMI and middle class consumption is back on the rise already by February. Lets see if the gov can back this up with a speedier vaccination.

Yup vaccination is crucial but international flight should be closed as South African strain is more dangerous and less effected on current vaccine. I suggest more relax measure on domestic flight, passenger should not need undergo PCR/rapid test as long they have declared that they dont have the symptom. Covid is not easily transmitted as long as we keep social distance and use mask. My family member has a trip with a couple with Covid but turn out she is not infected.

 

[Indos]

Export of Indonesia up in January year on year

Source: Xinhua| 2021-02-15 15:09:37|Editor: huaxia


JAKARTA, Feb. 15 (Xinhua) -- Indonesia recorded an export value of 15.30 billion U.S. dollars in January, down by 7.48 percent compared to that in December, but up by 12.24 percent than that in January last year, according to the Indonesian Agency of Statistics on Monday.

The agency also reported that the value of non-oil and non-gas exports in January reached 14.42 billion U.S. dollars, down by 7.11 percent compared to that in December, but up by 12.49 percent than that in January last year.

The decline occurred in the exports of ore, slag, and metal ash by 257.5 million U.S. dollars or 44.39 percent, while the largest increase happened in the exports of mineral fuels by 150.5 million U.S. dollars or 8.72 percent.

Based on the non-oil and non-gas sector, exports of the processing-industry products in January increased by 11.72 percent compared to those in January last year, the export of agricultural products went up by 13.91 percent, and the export of mining products and others rose by 16.92 percent.

Indonesia's largest non-oil and non-gas export destination country in January was China, with a value of 3.05 billion U.S. dollars, followed by the United States with 1.68 billion U.S. dollars and Japan with 1.25 billion U.S. dollars.

Meanwhile, Indonesia's exports to ASEAN (Association of Southeast Asian Nations) were valued at 3.05 billion U.S. dollars, and the country's export values to the European Union were recorded at 1.17 billion U.S. dollars.

Export of Indonesia up in January year on year - Xinhua | English.news.cn

www.xinhuanet.com

 

[Indos]

Indonesia records trade surplus of 1.96 bln USD in January

Source: Xinhua| 2021-02-15 17:26:48|Editor: huaxia


JAKARTA, Feb. 15 (Xinhua) -- Indonesia recorded in January a trade surplus of 1.96 billion U.S. dollars, according to Indonesia's Agency of Statistics on Monday.

The agency's head Suhariyanto said that the surplus was obtained from the non-oil and non-gas sector of 2.63 billion U.S. dollars, while the oil and gas sector underwent a deficit of 0.67 billion U.S. dollars.

"The surplus came from the difference between exports of 15.30 billion U.S. dollars and imports of 13.34 billion U.S. dollars," Suhariyanto added.

The values of Indonesia's exports and imports in January decreased compared to those in December. The export value was recorded at 15.30 billion U.S. dollars, down by 7.48 percent compared to that in December, but up by 12.24 percent than that in January last year.

Meanwhile, the import value was recorded at 13.34 billion U.S. dollars in January, down by 7.59 percent compared to that in December, and dropped by 6.49 percent than that in January last year.

Indonesia records trade surplus of 1.96 bln USD in January - Xinhua | English.news.cn

www.xinhuanet.com

Alhamdulillah

 

[Indos]

Indonesia books record high trade surplus in 2020 ​

Adrian Wail Akhlas
The Jakarta Post
PREMIUM
Jakarta / Fri, January 15, 2021 / 06:25 pm

Set for shipment: Multipurpose vehicles are parked at Tanjung Priok Port’s car terminal prior to being exported in this file photo.(Antara/Aditya Pradana Putra)


Indonesia booked a record trade surplus in 2020 as imports fell steeper than exports during a tumultuous year for international trade as the COVID-19 pandemic disrupted supply chains and hit global demand. The country logged a trade surplus of US$21.74 billion last year, the second-highest figure in the country’s history, as imports plunged, a signal that economists said reflected a lagging domestic economic recovery compared with its main trading partners, such as China. “The trade surplus is the highest since 2011 when it stood at $26.06 billion,” Statistics Indonesia (BPS) head Suhariyanto told a virtual press briefing on Friday.

Indonesia books record high trade surplus in 2020

The country logged a trade surplus of US$21.74 billion last year, the second-highest figure in the country’s history, as imports plunged, a signal that economists said reflected a lagging domestic economic recovery compared with its main trading partners, such as China.

www.thejakartapost.com

Alhamdulillah, this is an achievement after Indonesia posted 8.57 billion USD deficit in 2018, the worst in four decades. In 2019 we can narrow the deficit into 3.2 billion USD. I hope this is the start where Indonesia trade balance can be always positive just like in pre 2012 level. It can be said that after FTA with China takes place, Indonesia start to post trade deficits some years after that.

 

[Indos]

Indonesia state owned pharmacy, Biofarma, has produced 15 million vaccine with raw material comes from Sinovac. Under the agreement, Biofarma will produce 140 million vaccine where Sinovac is contracted to send the raw material.

 

[Indos]

People living in an Indonesian village in East Java are getting rich and buy cars in cash

 

[Indos]

AlhamduliLLAH large oil and gas reserve is found in Madura island.


SKK Migas: Petronas Finds Oil Reserves in Madura
Okezone Team, Journalists · Wednesday February 24, 2021 07:09 WIB



JAKARTA - The drilling of the Hidayah-1 Exploration well carried out by Petronas Carigali North Madura II Ltd. in the North Madura II Working Area is bearing fruit. The drilling activity, which began on January 7, 2021, is suspected of having succeeded in discovering oil reserves .

The drilling of the Hidayah-1 well is one of the definite commitment activities of the North Madura II WK. The target of the activity is to touch the Ngimbang Carbonate Formation, with an in-place resource of 158 million barrels of oil (MMBO). In this drilling activity, the overall depth of the Hidayah-1 well is at a depth of 2,739 meters.

After 57 days of drilling activities, the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) and Petronas Carigali North Madura II Ltd. conducted 1 interval drill steam test (DST) to determine the flow rate and reservoir data in the Ngimbang Formation and succeeded in finding hydrocarbons in the form of oil with an initial flow rate of ~ 2,100 barrels of oil per day (BOPD).

"We are currently still doing the final analysis to determine the amount of resources, but this is a very encouraging finding after most of our findings are in the form of gas," said SKK Migas Deputy Planning, Jaffee A. Suardin in a written statement, Thursday (24/2/2021 ).


Jaffee expressed his appreciation to all levels involved in the discovery of hydrocarbon potential in the working area. “Congratulations on the hard work of the entire team at SKK Migas and Petronas Carigali North Madura II Ltd. involved in drilling Hidayah-1 exploration well. This success is not only encouraging, it will also motivate upstream oil and gas people to be more enthusiastic about discovering the potential of oil and gas in various working areas in Indonesia, "said Jaffee.

This discovery, he added, will be a solid foundation for other discovery efforts as a joint effort of the government and all relevant stakeholders to jointly realize the vision of producing 1 million barrels of oil and 12 BSCFD of gas by 2030.

SKK Migas: Petronas Temukan Cadangan Minyak di Madura : Okezone Economy

Pengeboran sumur Eksplorasi Hidayah1 yang dilakukan Petronas Carigali North Madura II Ltd di Wilayah Kerja North Madura II berhasil - hot issue - okezone economy

economy.okezone.com

 

[nufix]

People living in an Indonesian village in East Java are getting rich and buy cars in cash

But that's bad "rich". Kinda reminds me of villagers and land owners in Riau in the 70s and 80s who suddenly got rich when Chevron bought their lands to expand their oil gathering capacity. They spent their money on cars, wedding parties, syukuran and all and puff! all the money gone in 3-5 years. Now their kids are the ones asking for employment because they think Chevron sits on their ancestral land and they feel they are entitled to any benefit created out of it.

 

[Indos]

But that's bad "rich". Kinda reminds me of villagers and land owners in Riau in the 70s and 80s who suddenly got rich when Chevron bought their lands to expand their oil gathering capacity. They spent their money on cars, wedding parties, syukuran and all and puff! all the money gone in 3-5 years. Now their kids are the ones asking for employment because they think Chevron sits on their ancestral land and they feel they are entitled to any benefit created out of it.

PT Pertamina has send team to give that villagers some sort of advice and maybe trainings.