Biofuel
Posco International has completed the full value chain of its palm oil business by acquiring a 65.72 percent stake in Indonesian plantation firm Sampoerna Agro for $566 million. The total investment is expected to reach $862 million due to a mandatory tender offer for minority shares. The deal adds 128,000 hectares to its operations, bringing the total global agricultural base to 150,000 hectares.
Rapporteret af AI
Indonesia's government targets nationwide implementation of 10% ethanol-blended gasoline (E10) by 2027 to reduce fossil fuel dependence. In a discussion at the University of Indonesia, experts affirmed E10's safety for modern vehicles while highlighting the need for a clear roadmap and regional synergy. They also recommended hydrous bioethanol for economic and environmental efficiency.