article thumbnail

BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

Green Car Congress

trillion investment opportunity for Indonesia, according to a new report published at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia. On the other hand, Indonesia also needs to consider measures to accelerate the growth of renewables within this decade.

Indonesia 195
article thumbnail

Pertamina to use Honeywell UOP technologies to produce advanced biofuels in Indonesia

Green Car Congress

PT Pertamina (Persero)—the national oil company of Indonesia—will use Honeywell UOP technologies to produce advanced biofuels at its Plaju and Cilacap refineries in Indonesia. UOP will provide technology licenses, basic engineering, specialty equipment, catalysts and training for the two projects in Indonesia.

Indonesia 243
article thumbnail

State-owned Indonesia Battery Holding to help build integrated EV industry in Indonesia; role of nickel

Green Car Congress

In Indonesia, state miners MIND ID (Mining Industry Indonesia) and Aneka Tambang (ANTAM); state utility Perusahan Listrik Negara (PLN); and state oil company Pertamina have agreed to form a new venture: Indonesia Battery Holding.

Indonesia 170
article thumbnail

T&E: Europe burns 19 million bottles of sunflower and rapeseed oil every day in cars

Green Car Congress

A new analysis by European environmental NGO Transport & Environment finds that Europe burns more than 17,000 tonnes of rapeseed and sunflower oil every day—the equivalent of 19 million 1-liter bottles. Supermarkets have had to ration vegetable oils and prices are soaring. In a time of scarcity we must prioritize food over fuel.

Oil 334
article thumbnail

Indonesia to pilot production of cellulosic ethanol from palm oil stems

Green Car Congress

The government of Indonesia announced that it would pilot bioethanol production from palm oil stems, an abundant by-product from the country’s palm oil plantations. The empty stem and midrib of oil palms would be used as feedstock, Haznan said. Indonesia is the largest crude palm oil exporter and producer, with 7.5

Indonesia 220
article thumbnail

Report: PetroChina to Boost Investment in Oil Gas in Indonesia by 30% This Year

Green Car Congress

The Jakarta Post reported that Chinese oil and gas firm PetroChina will increase its investment in oil and gas exploration and development in Indonesia by 30% this year to boost oil lifting and counteract declining production.

Indonesia 210
article thumbnail

Nornickel presents market review of nickel and platinum group metals

Green Car Congress

This is primarily due to a significant surplus in the Class 2 market that occurred in 2022 and is expected to remain throughout 2023-2024, mainly owing to growing production of low-grade nickel in Indonesia. At the same time, robust demand for nickel in alloys and special steel sectors supports prices of the exchange-traded Class 1 nickel.

Market 304