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Wednesday, June 06, 2007

British Petroleum plans bio-fuel project in Indonesia

Jakarta (ANTARA News) - British Petroleum is planning a bio-fuel project in Indonesia aimed at meeting future demand for cleaner energy, the company said Wednesday.

"The plan is still at an early stage. We want to look at existing regulations and how the government will support the bio-fuel industry here," British Petroleum spokesperson Niko Kanter was quoted by AFP as saying.

Kanter was accompanying the president of BP's global bio fuels business, Philip New, in a meeting with Energy and Mineral Resources Minister Purnomo Yusgiantoro.

Separately, the secretary of the government's bio-energy team, Evita Legowo, said BP is interested in building a bio-fuel plant, using sugar cane and jatropha as raw materials.

Legowo added that BP is currently in talks with state-owned plantation and trading firm Rajawali Nusantara Indonesia (RNI) as its potential local partner for the project.

Indonesia is embarking on an ambitious biofuel programme which has already attracted more than 17 billion dollars in foreign and domestic investment.

Palm Oil Production in Indonesia and Malaysia
(million metric tons) 1964 - 2006

(Mongabay.com, Source USDA)


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