Indonesia to launch B40 biodiesel program in 2025
Indonesia will officially implement the B40 biodiesel program starting January 1, 2025.
Some kinds of biodiesel in Indonesia. Photo courtesy of Antara.
The palm oil-based biodiesel is expected to reduce carbon dioxide (CO2) emissions by up to 40 million tonnes annually, Coordinating Minister for Economic Affairs Airlangga Hartarto said at the 12th Ministerial Meeting of the Council of Palm Oil Producing Countries (CPOPC).
Hartarto said Indonesia has decreased CO2 by about 32 million tonnes through the B35 program, while via the B40 program, Indonesia is hoping to reduce CO2 emissions by more than 40 million tonnes.
On the same occasion, Malaysian Minister of Agriculture and Commodities Datuk Seri Johari Abdul Ghani lauded Indonesia's B40 program, saying it can contribute to reducing global carbon emissions.
Ghani said that palm oil will remain a commodity that is needed by the world.
Therefore, Indonesia and Malaysia, as the main producers of palm oil, have an important role in ensuring a more sustainable palm oil industry.
The biodiesel production must be accepted by the world through palm oil because biodiesel has decreased a lot of carbon emissions that apply in the energy sector, he added.
- Read More
Vietnam needs 2,400 staff for 2 nuclear power plants, only 460 people trained
Vietnam requires approximately 1,200 staff to operate a 2,000 MW nuclear power plant, or 2,400 are needed for two 2,000 MW nuclear power plants in the central province of Binh Thuan.
Energy - Fri, January 3, 2025 | 12:02 pm GMT+7
Vietnam's steel industry to record profit growth in 2025 on rising domestic demand: broker
Vietnamese steel makers are expected to continue recording positive profit growth in 2025, but at a lower pace, according to leading broker SSI Securities.
Companies - Fri, January 3, 2025 | 11:33 am GMT+7
Central Vietnam province proposes 3,000 MW LNG-fired power plant
Ha Tinh authorities are proposing a 3,000 MW LNG-fired power plant project, Vung Ang 3, to be built in the central Vietnam province.
Energy - Fri, January 3, 2025 | 10:42 am GMT+7
Vietnam’s leading SOEs set low profit targets on market caution
A number of leading state-owned enterprises in Vietnam have revealed cautious profit targets for 2025, with some forecasting a decrease of up to 70% against 2024.
Companies - Fri, January 3, 2025 | 8:30 am GMT+7
Indonesian middle class shrinks for five straight years
The Indonesian middle class has been shrinking over the past five years, the Jakarta Post reported on Tuesday.
Southeast Asia - Thu, January 2, 2025 | 9:18 pm GMT+7
Singapore's economy growth beats expectations
Singapore’s economy grew faster than expected in 2024, surpassing earlier projections, despite a slowdown in the fourth quarter, according to preliminary government data.
Southeast Asia - Thu, January 2, 2025 | 9:07 pm GMT+7
Thailand business mergers triple in 2024
Mergers surged to THB590 billion ($17.2 billion), almost triple the value recorded in 2023, with transport, medical and insurance sectors leading the growth, the Trade Competition Commission of Thailand (TCCT) reported on Wednesday.
Southeast Asia - Thu, January 2, 2025 | 9:03 pm GMT+7
Novaland bonds can be converted to shares at three times market price
Bondholders of a $300 million international bond package of Vietnam’s real estate developer Novaland must pay more than triple the market price to convert their bonds to shares.
Finance - Thu, January 2, 2025 | 6:26 pm GMT+7
Vietnam offers up to 50% of initial investment costs for semiconductor and AI R&D projects
Vietnam’s Investment Support Fund will offer up to 50% of initial investment costs for semiconductors and artificial intelligence (AI) investors with research & development (R&D) projects.
Industries - Thu, January 2, 2025 | 5:56 pm GMT+7
Vietnam's Bac Ninh province receives $1.67 bln FDI
Vietnam’s northern province of Bac Ninh granted 18 investment registration certificates totaling $1.8 billion on Thursday, including $1.67 billion of foreign direct investment.
Industries - Thu, January 2, 2025 | 4:07 pm GMT+7
Thai IP developer NHA okayed to build $41 mln industrial park in central Vietnam
The Vietnamese government has granted in-principle approval to WHA, Thailand's leading industrial park (IP) developer, to build a 183.4-hectare industrial zone in the central province of Nghe An.
Industrial real estate - Thu, January 2, 2025 | 3:20 pm GMT+7
Vietnam's new order growth in Dec slows to three-month low: S&P
The final month of 2024 saw a loss of momentum in the Vietnamese manufacturing sector, as growth of production and new orders slowed, while firms scaled back employment and inventories, according to S&P Global.
Economy - Thu, January 2, 2025 | 2:28 pm GMT+7
Vietnam to prioritize waste-to-energy projects in adjusted power development plan VIII
Vietnam’s Ministry of Industry and Trade has announced plans to maximize support for waste-to-energy project proposals submitted by local governments.
Infrastructure - Thu, January 2, 2025 | 12:37 pm GMT+7
Vietnam stock market likely to move sideways in H1/2025: expert
Vietnam’s stock market is expected to face challenges in the first half of 2025 after achieving growth for the second consecutive year in 2024, says Tran Hoang Son, director of Market Strategy at VPBank Securities JSC.
Finance - Thu, January 2, 2025 | 9:58 am GMT+7
Vietnam economy overcomes challenges, thrives in 2024: HSBC economist
Vietnam’s economy has successfully navigated challenges and achieved significant growth in 2024, thanks to strong economic fundamentals and government support for key domestic sectors, says Yun Liu, ASEAN market economist at HSBC.
Economy - Thu, January 2, 2025 | 8:48 am GMT+7
Singapore’s Sembcorp to acquire 49 MW hydropower asset in Vietnam in H1/2025
Singapore’s giant Sembcorp Industries is set to complete the acquisition of a 49 MW hydroelectric asset in Vietnam in the first half of 2025, the firm said in a Wednesday statement.
Energy - Thu, January 2, 2025 | 8:00 am GMT+7
