Market Research Report
Indonesia Biofuels & Biodiesel Market Forecast 2021-2026
|Published by||Inkwood Research||Product code||1003305|
|Published||Content info||114 Pages
Delivery time: 2-3 business days
|Indonesia Biofuels & Biodiesel Market Forecast 2021-2026|
|Published: May 3, 2021||Content info: 114 Pages||
The Indonesia biofuels & biodiesel market is estimated to record a CAGR of 5.98% during the forecast period, 2021-2026. Palm oil is a prominent industry in the country. Simultaneously, the recent developments in the palm oil industry have exposed its risks, which include rising costs, decreasing number of foreign workers due to the pandemic, and poor weather. This has led to increased palm oil prices.
Indonesia has a high population, along with vast areas of forest, crop fields, and agriculture. The country launched the Energy Policy in 2006. Still, the biofuel progress is not well-developed. This is attributed to the limited implementation of the program in a particular area with high biofuel, without local government support.
The country can use new and renewable energy sources from biomass, due to its agricultural prospects. Bean, sugarcane, oil palms, coconut, and cassava are the agricultural products considered as alternative fuels. The energy resources from biomass in Indonesia include agriculture residue, forestry residue, fuel crops, and waste resources. The country has huge crops plantation for raw materials of biofuel, which can be categorized as biodiesel resource and bioethanol resource. Such factors make Indonesia a conducive market for biofuels & biodiesel.
Some of the leading companies in the market are CV Wirajasa Teknik Industri, Wilmar Bioenergi, Metrohm AG, Ametek Spectro Scientific, PT Wilmar Nabati, etc.