Govt to boost biofuel production
Thursday, July 13 2006 - 06:06 AM WIB
Indonesia plans to invest US$22 billion over the next five years to boost bio-fuel production to help cut fossil fuel consumption, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said on Thursday
About $6 billion will be spent securing 6 million hectares, and the rest will fund factories, roads and other supporting services, he said. Plant-based fuels can be mixed with gasoline,diesel and kerosene, now subsidized by the government.
Biofuels will account for 10 percent of the content in fuel products, Purnomo said Thursday.
A biofuel master plan will be ready by the end of this month that will detail financial incentives for small- and medium-sized companies and cooperatives to produce biofuel, and ease the issue of permits and regulations for large companies.(godang)