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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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Monday, 12 April 21 CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...
Monday, 12 April 21 GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...
Wednesday, 07 April 21 KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for i ...
Wednesday, 07 April 21 MARKET INSIGHT - INTERMODAL
Following the end of the catholic easter, during which the majority of shipping market participants were on holidays, it is interesting to note a f ...
Wednesday, 07 April 21 COAL USED TO GENERATE ELECTRIC POWER IN U.S. WILL INCREASE BY 13 PERCENT TO 495 MMST IN 2021 - EIA
EIA expects U.S. coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. In 2022, EIA expects coal production to grow by an addi ...
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Electricity Generating Authority of Thailand Asia Pacific Energy Resources Ventures Inc, Philippines Bayan Resources Tbk. - Indonesia Sarangani Energy Corporation, Philippines Sinarmas Energy and Mining - Indonesia White Energy Company Limited Energy Development Corp, Philippines The Treasury - Australian Government Pendopo Energi Batubara - Indonesia Riau Bara Harum - Indonesia Eastern Coal Council - USA Neyveli Lignite Corporation Ltd, - India Madhucon Powers Ltd - India Dong Bac Coal Mineral Investment Coporation - Vietnam Bulk Trading Sa - Switzerland Africa Commodities Group - South Africa Kohat Cement Company Ltd. - Pakistan Georgia Ports Authority, United States Bukit Asam (Persero) Tbk - Indonesia Jindal Steel & Power Ltd - India PTC India Limited - India ICICI Bank Limited - India Gujarat Sidhee Cement - India Binh Thuan Hamico - Vietnam Larsen & Toubro Limited - India GVK Power & Infra Limited - India Kapuas Tunggal Persada - Indonesia Directorate Of Revenue Intelligence - India Trasteel International SA, Italy Uttam Galva Steels Limited - India CNBM International Corporation - China Goldman Sachs - Singapore Timah Investasi Mineral - Indoneisa Meenaskhi Energy Private Limited - India Coal and Oil Company - UAE Banpu Public Company Limited - Thailand Truba Alam Manunggal Engineering.Tbk - Indonesia Latin American Coal - Colombia Siam City Cement - Thailand Global Business Power Corporation, Philippines Antam Resourcindo - Indonesia Vedanta Resources Plc - India Siam City Cement PLC, Thailand Parry Sugars Refinery, India Interocean Group of Companies - India Kumho Petrochemical, South Korea Bhushan Steel Limited - India Posco Energy - South Korea TeaM Sual Corporation - Philippines Singapore Mercantile Exchange India Bulls Power Limited - India Energy Link Ltd, New Zealand CIMB Investment Bank - Malaysia Chettinad Cement Corporation Ltd - India Ceylon Electricity Board - Sri Lanka Kobexindo Tractors - Indoneisa Baramulti Group, Indonesia Vijayanagar Sugar Pvt Ltd - India Medco Energi Mining Internasional Carbofer General Trading SA - India Offshore Bulk Terminal Pte Ltd, Singapore Kideco Jaya Agung - Indonesia Bhoruka Overseas - Indonesia Kalimantan Lumbung Energi - Indonesia Chamber of Mines of South Africa Ambuja Cements Ltd - India Miang Besar Coal Terminal - Indonesia Iligan Light & Power Inc, Philippines Price Waterhouse Coopers - Russia Petron Corporation, Philippines Indian Oil Corporation Limited SMG Consultants - Indonesia Dalmia Cement Bharat India Global Green Power PLC Corporation, Philippines London Commodity Brokers - England Australian Commodity Traders Exchange Ind-Barath Power Infra Limited - India Karaikal Port Pvt Ltd - India PowerSource Philippines DevCo Petrochimia International Co. Ltd.- Taiwan Bank of Tokyo Mitsubishi UFJ Ltd Bangladesh Power Developement Board Global Coal Blending Company Limited - Australia Thiess Contractors Indonesia Maheswari Brothers Coal Limited - India Kaltim Prima Coal - Indonesia Attock Cement Pakistan Limited Maharashtra Electricity Regulatory Commission - India Cigading International Bulk Terminal - Indonesia OPG Power Generation Pvt Ltd - India Heidelberg Cement - Germany LBH Netherlands Bv - Netherlands Anglo American - United Kingdom AsiaOL BioFuels Corp., Philippines Jorong Barutama Greston.PT - Indonesia Mercuria Energy - Indonesia MS Steel International - UAE Bhatia International Limited - India Mjunction Services Limited - India Salva Resources Pvt Ltd - India Aditya Birla Group - India Mintek Dendrill Indonesia Romanian Commodities Exchange Alfred C Toepfer International GmbH - Germany Standard Chartered Bank - UAE Dr Ramakrishna Prasad Power Pvt Ltd - India Coalindo Energy - Indonesia South Luzon Thermal Energy Corporation Borneo Indobara - Indonesia Ministry of Transport, Egypt SMC Global Power, Philippines VISA Power Limited - India Billiton Holdings Pty Ltd - Australia Cement Manufacturers Association - India Eastern Energy - Thailand Tata Chemicals Ltd - India Holcim Trading Pte Ltd - Singapore San Jose City I Power Corp, Philippines TNB Fuel Sdn Bhd - Malaysia Krishnapatnam Port Company Ltd. - India Samtan Co., Ltd - South Korea Ministry of Mines - Canada Metalloyd Limited - United Kingdom Electricity Authority, New Zealand Indo Tambangraya Megah - Indonesia Toyota Tsusho Corporation, Japan Karbindo Abesyapradhi - Indoneisa Commonwealth Bank - Australia Economic Council, Georgia Rio Tinto Coal - Australia Straits Asia Resources Limited - Singapore Independent Power Producers Association of India The University of Queensland Videocon Industries ltd - India Sical Logistics Limited - India The State Trading Corporation of India Ltd Australian Coal Association Minerals Council of Australia Malabar Cements Ltd - India Simpson Spence & Young - Indonesia Bukit Baiduri Energy - Indonesia Bahari Cakrawala Sebuku - Indonesia GAC Shipping (India) Pvt Ltd Jaiprakash Power Ventures ltd Bukit Makmur.PT - Indonesia Intertek Mineral Services - Indonesia Edison Trading Spa - Italy Wilmar Investment Holdings Savvy Resources Ltd - HongKong Coastal Gujarat Power Limited - India Bharathi Cement Corporation - India Orica Mining Services - Indonesia SN Aboitiz Power Inc, Philippines Central Electricity Authority - India Lanco Infratech Ltd - India Kepco SPC Power Corporation, Philippines PNOC Exploration Corporation - Philippines Sree Jayajothi Cements Limited - India Meralco Power Generation, Philippines Merrill Lynch Commodities Europe Wood Mackenzie - Singapore Tamil Nadu electricity Board Makarim & Taira - Indonesia Oldendorff Carriers - Singapore Parliament of New Zealand IEA Clean Coal Centre - UK Indogreen Group - Indonesia International Coal Ventures Pvt Ltd - India Kartika Selabumi Mining - Indonesia Semirara Mining Corp, Philippines Rashtriya Ispat Nigam Limited - India Sakthi Sugars Limited - India Ministry of Finance - Indonesia Star Paper Mills Limited - India Sindya Power Generating Company Private Ltd Directorate General of MIneral and Coal - Indonesia Essar Steel Hazira Ltd - India Vizag Seaport Private Limited - India Thai Mozambique Logistica Renaissance Capital - South Africa Gujarat Electricity Regulatory Commission - India Globalindo Alam Lestari - Indonesia PetroVietnam Power Coal Import and Supply Company Mercator Lines Limited - India Manunggal Multi Energi - Indonesia Grasim Industreis Ltd - India European Bulk Services B.V. - Netherlands Aboitiz Power Corporation - Philippines Planning Commission, India GN Power Mariveles Coal Plant, Philippines Orica Australia Pty. Ltd. IHS Mccloskey Coal Group - USA Marubeni Corporation - India Barasentosa Lestari - Indonesia Altura Mining Limited, Indonesia Port Waratah Coal Services - Australia Indika Energy - Indonesia Agrawal Coal Company - India Deloitte Consulting - India GMR Energy Limited - India Semirara Mining and Power Corporation, Philippines Therma Luzon, Inc, Philippines Filglen & Citicon Mining (HK) Ltd - Hong Kong New Zealand Coal & Carbon Sojitz Corporation - Japan Asmin Koalindo Tuhup - Indonesia ASAPP Information Group - India Power Finance Corporation Ltd., India Gujarat Mineral Development Corp Ltd - India Leighton Contractors Pty Ltd - Australia McConnell Dowell - Australia Central Java Power - Indonesia Indian Energy Exchange, India Pipit Mutiara Jaya. PT, Indonesia Indonesian Coal Mining Association Formosa Plastics Group - Taiwan Xindia Steels Limited - India
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.
