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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, 13 January 21 COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...
Monday, 11 January 21 MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle ...
Sunday, 10 January 21 KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...
Friday, 08 January 21 INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive
Although one of the top 10 solar module producers in the world, India ...
Thursday, 07 January 21 FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
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Marubeni Corporation - India Semirara Mining and Power Corporation, Philippines PNOC Exploration Corporation - Philippines Larsen & Toubro Limited - India Australian Commodity Traders Exchange Malabar Cements Ltd - India Latin American Coal - Colombia Leighton Contractors Pty Ltd - Australia Krishnapatnam Port Company Ltd. - India Siam City Cement - Thailand Oldendorff Carriers - Singapore Gujarat Electricity Regulatory Commission - India Sarangani Energy Corporation, Philippines Directorate Of Revenue Intelligence - India Samtan Co., Ltd - South Korea Therma Luzon, Inc, Philippines Vizag Seaport Private Limited - India Madhucon Powers Ltd - India McConnell Dowell - Australia Sinarmas Energy and Mining - Indonesia South Luzon Thermal Energy Corporation Indian Oil Corporation Limited Vedanta Resources Plc - India Jindal Steel & Power Ltd - India Power Finance Corporation Ltd., India Salva Resources Pvt Ltd - India Semirara Mining Corp, Philippines Anglo American - United Kingdom Commonwealth Bank - Australia Kobexindo Tractors - Indoneisa Kideco Jaya Agung - Indonesia Altura Mining Limited, Indonesia Deloitte Consulting - India Rio Tinto Coal - Australia Africa Commodities Group - South Africa White Energy Company Limited Aditya Birla Group - India Savvy Resources Ltd - HongKong ASAPP Information Group - India Tamil Nadu electricity Board Posco Energy - South Korea Agrawal Coal Company - India Grasim Industreis Ltd - India Bhatia International Limited - India Globalindo Alam Lestari - Indonesia Mercuria Energy - Indonesia Asia Pacific Energy Resources Ventures Inc, Philippines Attock Cement Pakistan Limited Neyveli Lignite Corporation Ltd, - India Petrochimia International Co. Ltd.- Taiwan Chamber of Mines of South Africa Kohat Cement Company Ltd. - Pakistan Edison Trading Spa - Italy Simpson Spence & Young - Indonesia Thai Mozambique Logistica Central Electricity Authority - India Dalmia Cement Bharat India Dong Bac Coal Mineral Investment Coporation - Vietnam GN Power Mariveles Coal Plant, Philippines Energy Development Corp, Philippines Makarim & Taira - Indonesia PowerSource Philippines DevCo Gujarat Mineral Development Corp Ltd - India Petron Corporation, Philippines Medco Energi Mining Internasional Sojitz Corporation - Japan Price Waterhouse Coopers - Russia SN Aboitiz Power Inc, Philippines Kaltim Prima Coal - Indonesia Alfred C Toepfer International GmbH - Germany Manunggal Multi Energi - Indonesia Jorong Barutama Greston.PT - Indonesia Maharashtra Electricity Regulatory Commission - India Sakthi Sugars Limited - India Bukit Makmur.PT - Indonesia ICICI Bank Limited - India India Bulls Power Limited - India Iligan Light & Power Inc, Philippines Georgia Ports Authority, United States Baramulti Group, Indonesia Riau Bara Harum - Indonesia Meenaskhi Energy Private Limited - India Karaikal Port Pvt Ltd - India Orica Mining Services - Indonesia Sree Jayajothi Cements Limited - India Ceylon Electricity Board - Sri Lanka European Bulk Services B.V. - Netherlands Meralco Power Generation, Philippines LBH Netherlands Bv - Netherlands Rashtriya Ispat Nigam Limited - India Filglen & Citicon Mining (HK) Ltd - Hong Kong Bharathi Cement Corporation - India Global Green Power PLC Corporation, Philippines PetroVietnam Power Coal Import and Supply Company Maheswari Brothers Coal Limited - India Toyota Tsusho Corporation, Japan Banpu Public Company Limited - Thailand Kapuas Tunggal Persada - Indonesia Merrill Lynch Commodities Europe CNBM International Corporation - China Wood Mackenzie - Singapore Orica Australia Pty. Ltd. Ambuja Cements Ltd - India Minerals Council of Australia Parry Sugars Refinery, India Intertek Mineral Services - Indonesia Bahari Cakrawala Sebuku - Indonesia Uttam Galva Steels Limited - India Ministry of Transport, Egypt Coastal Gujarat Power Limited - India Electricity Generating Authority of Thailand Goldman Sachs - Singapore Jaiprakash Power Ventures ltd Singapore Mercantile Exchange Essar Steel Hazira Ltd - India Bhushan Steel Limited - India Eastern Energy - Thailand CIMB Investment Bank - Malaysia Sindya Power Generating Company Private Ltd Global Business Power Corporation, Philippines The State Trading Corporation of India Ltd Mjunction Services Limited - India Karbindo Abesyapradhi - Indoneisa Vijayanagar Sugar Pvt Ltd - India Economic Council, Georgia Bayan Resources Tbk. - Indonesia SMG Consultants - Indonesia Star Paper Mills Limited - India Parliament of New Zealand Bhoruka Overseas - Indonesia Global Coal Blending Company Limited - Australia Renaissance Capital - South Africa Indogreen Group - Indonesia Binh Thuan Hamico - Vietnam Billiton Holdings Pty Ltd - Australia Offshore Bulk Terminal Pte Ltd, Singapore Tata Chemicals Ltd - India Interocean Group of Companies - India SMC Global Power, Philippines New Zealand Coal & Carbon Asmin Koalindo Tuhup - Indonesia Pipit Mutiara Jaya. PT, Indonesia IHS Mccloskey Coal Group - USA Coalindo Energy - Indonesia TeaM Sual Corporation - Philippines Ind-Barath Power Infra Limited - India Romanian Commodities Exchange Xindia Steels Limited - India Standard Chartered Bank - UAE Aboitiz Power Corporation - Philippines Kalimantan Lumbung Energi - Indonesia Timah Investasi Mineral - Indoneisa Australian Coal Association OPG Power Generation Pvt Ltd - India Trasteel International SA, Italy Central Java Power - Indonesia Bulk Trading Sa - Switzerland Planning Commission, India Bank of Tokyo Mitsubishi UFJ Ltd Heidelberg Cement - Germany The Treasury - Australian Government Siam City Cement PLC, Thailand Kumho Petrochemical, South Korea Kartika Selabumi Mining - Indonesia GVK Power & Infra Limited - India Cement Manufacturers Association - India Barasentosa Lestari - Indonesia Chettinad Cement Corporation Ltd - India Mercator Lines Limited - India Miang Besar Coal Terminal - Indonesia Videocon Industries ltd - India The University of Queensland Energy Link Ltd, New Zealand Holcim Trading Pte Ltd - Singapore Truba Alam Manunggal Engineering.Tbk - Indonesia Independent Power Producers Association of India San Jose City I Power Corp, Philippines Eastern Coal Council - USA Port Waratah Coal Services - Australia GMR Energy Limited - India Formosa Plastics Group - Taiwan Sical Logistics Limited - India Ministry of Finance - Indonesia MS Steel International - UAE Lanco Infratech Ltd - India Thiess Contractors Indonesia Wilmar Investment Holdings Ministry of Mines - Canada IEA Clean Coal Centre - UK Coal and Oil Company - UAE Indo Tambangraya Megah - Indonesia VISA Power Limited - India Gujarat Sidhee Cement - India Pendopo Energi Batubara - Indonesia GAC Shipping (India) Pvt Ltd Bukit Baiduri Energy - Indonesia Straits Asia Resources Limited - Singapore Antam Resourcindo - Indonesia TNB Fuel Sdn Bhd - Malaysia Borneo Indobara - Indonesia Mintek Dendrill Indonesia London Commodity Brokers - England Bukit Asam (Persero) Tbk - Indonesia AsiaOL BioFuels Corp., Philippines PTC India Limited - India Dr Ramakrishna Prasad Power Pvt Ltd - India Directorate General of MIneral and Coal - Indonesia International Coal Ventures Pvt Ltd - India Bangladesh Power Developement Board Kepco SPC Power Corporation, Philippines Indika Energy - Indonesia Indonesian Coal Mining Association Metalloyd Limited - United Kingdom Cigading International Bulk Terminal - Indonesia Carbofer General Trading SA - 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.
