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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Wednesday, 02 December 20
INDONESIA CONSIDERING CLOSING 3,400MW SURALAYA COAL PLANT - THE JAKARTA POST
The government is considering to shut down the aging Suralaya coal-fired power plant (PLTU) in Cilegon, Banten, and replace it with green energy, a ...
Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner& ...
Thursday, 26 November 20
DECLINE IN COAL EXPORTS ADDS TO NAVAJO-OWNED COMPANY'S PROBLEMS - IEEFA U.S.
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving gra ...
Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping ...
Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...
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- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- MS Steel International - UAE
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
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